Townsend v. Winburn

This action was brought to compel the defendant Jesse Winburn to return to the two defendant companies of which he is president certain salaries paid to him under resolutions of the board of directors, and to restrain his further receipt of such salaries. The business of both corporations relates to the renting of .advertising space in the surface railway lines in this city and contracting with advertisers for the use of such space. During his lifetime Mr. Einstein owned twenty per cent of the stock of each company, and since 1913 Mr. Winburn owned eighty per cent in both. The former, before…