Hoberg v. John Hoberg Co.
Wisconsin Supreme Court
Appeal from a judgment of the circuit court for Brown county: W. B. Quinlan, Judge. This action was commenced by the plaintiff against the defendant corporation, the directors, and individual stockholders, to compel the return of the stock of the Crivitz Pulp & Paper Company to the treasury of the defendant corporation. The defendant corporation has a capital stock of $45,000, divided into 4,500 shares of the par value of $10 each.
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Appeal from a judgment of the circuit court for Brown county: W. B. Quinlan, Judge. This action was commenced by the plaintiff against the defendant corporation, the directors, and individual stockholders, to compel the return of the stock of the Crivitz Pulp & Paper Company to the treasury of the defendant corporation. The defendant corporation has a capital stock of $45,000, divided into 4,500 shares of the par value of $10 each. It is a family corporation and was organized in 1893 for the manufacture of tissue paper. It had been accustomed to purchase its raw material in the open market,…
1Dissent · EschweilerEschweiler, J.
It having been determined by the trial court that the stockholders of the John Hoberg Company did direct the distribution of the Crivitz *56Company stock and. by this court that such action was lawful, I can see no foundation in fact or law for the judgment herein. In what particular manner the holding of the Cri-vitz Company stock by the stockholders of the Hoberg Company rather than by the corporation itself is inimical to the best interests of the Hoberg Company is not pointed out. In either event the property of the Crivitz' Company is subject to lawful control, disposition, or sale by the…
Also in this document: Dissent · Owen.
2Cases cited3 opinions
- Grant Marble Co. v. AbbotWisconsin Supreme Court · 1910
- J. H. Lane & Co. v. Maple Cotton MillsCourt of Appeals for the Fourth Circuit · 1915
- Werle v. Northwestern Flint & Sandpaper Co.Wisconsin Supreme Court · 1905