Thomas Branch & Co. v. Riverside & Dan River Cotton Mills, Inc.

Thomas Branch & Company and others, owners of 840 shares of preferred stock out of 100,000 total shares of original preferred and common stock of the Riverside and Dan River Cotton Mills, Incorporated, suing on behalf of themselves and all other holders of preferred *294stock of the corporation, who may make themselves parties to the suit and pay their proportionate -share of the costs, filed their bill of complaint against the corporation and the members of its board of directors.

The bill alleges, among other things, that the company had outstanding $4,000,000.00 of common stock and…