Major v. American Malt & Grain Co.

On an analysis of this complaint, made with no little difficulty, it seems to me the pleader seeks to set up a cause of action, and the one that may be spelled out of it is, substantially, as follows: The individual defendants had control, by virtue of proxies in the hands of defendant Lansdale, of two-thirds of the voting power of a New Jersey corporation; at the instance and for the benefit and the purposes of all of the defendants, Landale voted the dissolution of the New Jersey corporation which was a going concern *134with assets in excess of liabilities; several of the defendants were…