Levant v. Kowal

This case involves a problem in corporate management. Two factions of stockholders are at swords’ points and the intervention of a court of equity has been prayed.

Upon the one hand we have the plaintiffs, whom we shall refer to as the Keywell group. They own half of the outstanding stock of Barium Hotel, Inc. The defendants are the Kowal group. They own the other half. Alleging that dissension has so wracked the 2 groups that the corporation is unable to fulfill its corporate purposes, the plaintiffs prayed dissolution of the corporation and distribution of the cash avails of its assets to…