Schultz v. Acme Chair & Metal Crafts Co.

A motion to substitute Joseph J. Schmitt as a party to these proceedings and to this appeal in the place of the Acme Company has been made. The objection to such substitution on the part of the Norcor Company, by its receivers and creditors, is that the Acme Company is not a good-faith corporation; that it was illegally organized to enable attorneys to prosecute the case under an arrangement which is “unlawful and savoring of champerty and maintenance;” that the result of the transactions by the organizers of the company is to create a corporation for the practice of law; and that its acts in…