Candler v. Heigho
Michigan Supreme Court
Error to Wayne; McDonald (John S.), J., presiding. Case by Mary V. Candler and another against George W. Heigho and others for fraud and deceit in the sale of corporate stock. Judgment for defendants on a directed verdict. Plaintiffs bring error.
1Opinion of the CourtSharpe, J.
The plaintiffs are the wife and daughter of Claudius H. Candler, who died in the city of Detroit on February 24, 1910. Prior to his death, Mr. Candler had been the president and superintendent of the Calvert Lithographing Company. At the time of his decease, he owned 1,700 shares of its capital stock or 17/40ths of a total capitalization of $200,000, consisting of 4,000 shares of a par value of $50. At that time there were but 12 stockholders in the corporation. The stock was not listed for sale on the general market, nor had it been for years. The officers of the corporation at the time of…
2Cases cited3 opinions
- Kimble v. GillardMichigan Supreme Court · 1913
- Parker v. ArmstrongMichigan Supreme Court · 1884
- Frohlich v. DeaconMichigan Supreme Court · 1914
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- Cloverdale Equipment Company v. Simon Aerials, Inc.Court of Appeals for the Sixth Circuit · 1989
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