Brictson Mfg. Co. v. Woodrough

The respondent, District Judge, refused to comply fully with the mandate of this court issued in Brictson Mfg. Co. v. Close et al., 280 Fed. 297. That was a stockholders’ suit, in which a receiver of all of the corporate assets was appointed, on a complaint in which the relief sought was a dissolution and liquidation of the corporation and its affairs, if a reorganization was not brought about in the meantime; but we held that neither pleadings nor proof brought the controversy within the chancellor’s reach, that the matters complained of could be dealt with only by stockholders and directors…