Chapman v. Barton

The plaintiffs, G. W. Chapman, R. W. Litzsinger and Walter Deem, are the owners of 109 of a total of 200 shares of the capital stock of defendant, Pur-Gas, Inc., a corporation. The defendants, C. T. Barton, Ira J. Jones, Emily K. Jones and Jewell Mathews, own the remaining 91 shares of said stock.

The complaint alleged that defendants, C. T. Barton and Ira J. Jones, were wrongfully and illegally attempting to act as officers and directors of the corporate defendant, as part of a conspiracy of the minority stockholders to seize control and management of the company. There were other allegations…