Rosenfeld v. Zimmer

From a judgment in favor of defendant after trial before the court without a jury in a stockholders’ derivative action, plaintiffs appeal.

Viewing the evidence in the light most favorable to defendants (respondents) and pursuant to the rules set forth in Estate of Isenberg, 63 Cal.App.2d 214, 216 [146 P.2d 424], the essential facts are:

Defendant Zimmer had an option to buy a parcel of real property in the city of Pasadena. This option was turned over to defendant Euclid Properties, Inc. (hereinafter called Euclid) at a valuation of $120,000. One hundred shares of stock of Euclid were issued.…