Coplay Cement Manufacturing Co. v. Loeb

Glennon, J.:

The plaintiff, a corporation, seeks in this action to compel the defendants to account for their acts and conduct as directors and officers of the plaintiff in that, while in control of the affairs of the corporation, they were credited with and received certain sums of money as bonus payments, to which they were not entitled. Under the terms of a resolution adopted by the board of directors in the year 1917, and in substance readopted each year thereafter, up to and including the year 1920, the president, first vice-president, and second vice-president of the company were…