Slaughter v. Smith

CULLEN, Commissioner.

Horace B. Slaughter, a stockholder in the Anderson Woodworking Company, brought a stockholder’s derivative suit on behalf of the company against Frank C. Anderson and Sidney W. Anderson (brothers) and against a number of corporations which the Anderson brothers had organized and were in control of. He alleged that the Anderson brothers, individually and through the various other corporations which they had set up, had diverted business and profits from the Anderson Woodworking Company, in violation of the rights of the stockholders of the latter company. He prayed for a…