Russell v. Louis Melind Co.

Mr. Presiding Justice Lews

delivered the opinion of the court.

This is a derivative action by a minority stockholder for an accounting from officers and directors of defendant corporation, for salaries alleged to have been illegally paid them. The cause was referred to a master and in conformity with the findings and recommendations contained in his report a decree was entered dismissing the cause for want of equity.

The complaint alleges in substance that Louis Melind Company, a corporation, is engaged in the manufacture of rubber stamps and marking devices; that Louis Melind is president, Roy…