Orloff v. Morehead Manfg. Co.

This case was formerly before this court on defendants’ application for mandamus to compel vacation of an order appointing a temporary receiver. The writ issued. Morehead Manfg. Co. v. Washtenaw Circuit Judge, 254 Mich. 697. It is now before us on appeal by defendants after hearing on the merits and entry of decree.

Plaintiffs are minority stockholders in the More-head Manufacturing Company, a Michigan corporation. The individual defendants own a controlling interest in the stock of this corporation, and they, constitute three of the four members of the board of directors. As such directors…