Burdon v. Erskine

SPAETH, Judge:

This is an appeal from an order sustaining a demurrer and dismissing with prejudice a complaint in equity.

Appellant is trustee in bankruptcy of MW Manufacturing Corporation, which wholly owns appellee Emporium Specialties Co., Inc. Appellees George Erskine, William Erskine, and William Meisel are directors and officers of Specialties. Appellee Emporium Trust is a bank. Appellee Robert Taylor, now deceased, was president of Emporium Trust and a director of Specialties.

Appellant filed his complaint on December 5, 1974. The complaint alleged that as directors, the individual…