Williams v. Robinson

Plaintiffs move to dismiss a defense as insufficient in law. The action is brought by five individuals “ as Directors of Williams-McWilliams Industries, Inc.” to compel defendants, other than said corporation, to pay to it moneys which they wasted or lost and to restore to it assets transferred by the defendants to others. The complaint charges that the assets were transferred as the result of a fraudulent conspiracy to obtain corporate assets, at a grossly inadequate price, for the pergonal benefit of defendant Eobinson, who selected, dominated ' and controlled the defendant directors. The…