Leschinski v. W. C. Hack & Sons

Morganroth, P. J.,

Plaintiff filed action in assumpsit against the defendant corporation wherein he claims payment for 68 shares of defendant’s common stock at its fair book value of $130 per share.

The material facts averred in plaintiff’s statement of claim are as follows: Plaintiff was employed by defendant corporation as general manager of its hardware store from the date of its incorporation on August 13, 1926, until March 25, 1939. During the course of plaintiff’s employment the majority of the stockholders, the officers, and the board of directors of the corporation orally requested…