Goodman v. Cushman

FRANK X. GORDON, Jr., Superior Court Judge.

Appellants were plaintiffs in a minority stockholders’ suit against the Phoenix Municipal Stadium, an Arizona corporation, the officers and directors of the corporation and its majority stockholders. In their suit, plaintiffs had four causes of action for fraudulent transfer of the assets of the corporation, unauthorized payments from corporation assets, a conspiracy among the defendants to achieve the foregoing, and for an accounting.

Four years were taken up with testing the sufficiency of the complaint. In that period of time, the plaintiffs filed…