Greaves v. Gouge

The conclusions arrived at by the learned judge presiding at special term are correct expositions of the law applicable to the case made by the complaint. It is justly said by him, in his' opinion, that the several acts of the defendant, charged to have been illegal and prejudicial, were injuries directly to the corporation of which he was the president, and in which the plaintiff was a stockholder.

They consist, he says, of the conversion by the defendant to his own use of the whole surplus earnings of the corporation ; the illegal appropriation to himself of its funds to the amount of $4,000…