Mercer v. Busch-Everett Co.
Supreme Court of Louisiana
Appeal from First Judicial District Court, Parish of Caddo; John R. Land, Judge. Action by A. J. Mercer against the Busch-Everett Company. From a judgment for defendant, plaintiff appeals.
1Opinion of the CourtO’Niell, J.
The plaintiff appeals from a judgment rejecting his demand for the appointment of a receiver of the defendant corporation.
Alleging that he is a stockholder and creditor of the corporation, he bases his demand for the appointment of a receiver on the allegation that the officers and directors of the corporation are jeopardizing the rights of the stockholders and creditors by grossly mismanaging the business of the company by committing acts ultra vires, and by wasting, misusing, and misapplying the property and funds of the corporation. The district judge found from the evidence that the…
2Cases cited1 opinion
- Jackson Brewing Co. v. CantonSupreme Court of Louisiana · 1907
3Cited by1 opinion
- State v. TWIN CITIES MEMORIAL GARDENS, INC.Louisiana Court of Appeal · 2008