Selheimer v. Manganese Corp. of America

Opinion by

Mr. Justice Jones,

These appeals stem from a stockholders’ derivative suit in equity instituted by certain stockholders of Manganese Corporation of America (Manganese) against Manganese and Ernest P. Pie, Albert W. Him-far, Nelson Kusner and Charles A. Gillan, Jr., who, at various times, were the officers and managing majority directors of Manganese. After the commencement of this suit in the Court of Common Pleas No. 3 of Philadelphia County, Perry N. Selheimer, a director of Manganese throughout the time the corporation was engaged in business activity, was severed as a parly…