Rauch v. Shanahan

Eberhardt, Judge.

1. The evidence in the record supports the allegations of the petition, and authorizes a conclusion by the jury that the Rauchs were in complete charge and control of the two corporations, the organization of which was never completed, that they had used or expended substantially all funds which the corporations had received for stock subscriptions, leaving it without other assets, and that no certificate of stock in either corporation, or other thing of value, has ever been delivered to Mr. Shanahan, 1 and'that his investment in them by way of the stock subscription had been…