Kreicker v. Naylor Pipe Co.

Appellant owns 622 shares of the preferred stock of the Naylor Pipe Company. On his own behalf and others similarly situated, he began this action in the superior court of Cook county against the corporation, its officers and directors, to have certain amendments to the corporate charter declared null and void, to enjoin the payment of dividends on a .new class of stock created by the amendments, and for an accounting of dividends paid on such new stock.

The pleadings furnish a good example of how failure to observe fundamental principles of pleading tends to confuse the essential facts and…