Faircloth v. Greiner

Birdsong, Presiding Judge.

Dismissal for Failure to State Action. The facts giving rise to this case show that Fred Greiner was the principal officer of a corporation named C.M.G., Inc. (“C.M.G.”). Apparently Greiner used assets of the corporation for personal purposes or otherwise mismanaged corporate assets. In June 1980, Faircloth as a creditor of C.M.G. brought suit against C.M.G. and Greiner individually. Subsequently, Faircloth was required to amend to show that the suit was on behalf of all creditors of C.M.G. Faircloth won a verdict and judgment against Greiner in an amount of $95,000.…