Murphy v. George Murphy, Inc.

Plaintiff sues on his own behalf as a stockholder and on behalf of all other stockholders of a corporation for specific performance of a certain contract. The complaint alleges the following facts:

Plaintiff and one Percy Y. Howe, now deceased, owned all the stock in George Murphy, Inc., the defendant corporation in this action. On July 20,1938 they entered into an agreement whereby each agreed, upon severance of his connection with the eorporation by death or otherwise, to sell at par ($100) all of *648the shares of stock he then owned in the corporate defendant back to the corporate defendant…