Tefft v. Schaefer

Plaintiff, a minority stockholder in the Empire Ice & Shingle Company, a corporation, brings this action on behalf of the corporation and against certain trustees thereof, the corporation being also a defendant, alleging waste of the corporate property and diversion of the assets and profits of the corporation, to his detriment as a stockholder.

Plaintiff in Ms complaint states five causes of action; in the first he seeks to restore to the corporation certain money which he alleges has been wrongfully paid by the corporation to J. H. Schaefer, being the difference between Mr. Schaefer’s salary…