Van Keuren-Rogers-Templeton Co. v. Parker Rust Proof Co. of America

In 1916 the plaintiff was a broker. Van Keuren, Rogers, and Templeton were its stockholders and officers. It had just finished selling an issue of stock for the Weiss Fibre Company and desired another engagement. The defendant had just determined to increase its capital stock from $100,000 com*574mon to $300,000 common. A majority of its stock was owned by C. W. Parker and his son. Parker then desired an increase to $300,000 only. But conferences were had between Parker and the officers of plaintiff in which a large increase was considered. Parker was willing. But before going into the scheme he…