Turner v. United Mineral Lands Corp.

The bill in this case is long and complicated. All parties who have submitted briefs describe it as a bill by minority stockholders of the defendant corporations United Mineral Lands Corporation and Premier Paymaster Mines Company to recover for the benefit of these corporations respectively against the individual defendants, who have served as directors of the corporations, for losses suffered by the corporations in consequence of breaches of duty toward the corporations by the defendant directors. We accept this as a sufficient description of the bill for the purposes of this opinion.

Both…