Durfee v. Durfee & Canning, Inc.

This bill in equity is brought by the plaintiff, a stockholder, on behalf of Durfee & Canning, Inc., and all other stockholders thereof, to enforce in favor of the corporation certain liabilities of the defendant Chester H. Canning, since 1930 treasurer, vice-president, purchasing agent, a director and a stockholder of the corporation. Durfee & Canning, Inc., and the Pacific Gas Corporation are also named as defendants.1

The material allegations of the bill are that in breach of trust the defendant Canning, without disclosing to the directors of Durfee & Canning, Inc., his interest in the…