Arfsten v. Higby

Opinion by

Mr. Justice Frantz.

As minority stockholders owning 7-5/12 of the 46 shares of outstanding stock of The Greenland Land and Cattle Company, plaintiffs in error sued the majority stockholders, who own 28-9/60 shares, for alleged breaches of fiduciary duties owing to minority stockholders in the administration of corporate affairs. Other stockholders, owning 10-13/30 shares, who refused to join with them as plaintiffs, were made defendants. The corporation was also made a defendant.

Actions of alleged misfeasance in sixteen respects, conceived in conspiracy by the majority stockholders,…