Venus Oil Corporation v. Gardner

Opinion op the Court by

Stanley, Commissioner—

Reversing.

In a suit of the appellees, Tone Gardner et al., minority stockholders, against the appellants, Venus Oil Corporation and three majority stockholders and directors of that company, a judgment for $27,625 was rendered against F. E. Browning, David Browning, and I. B. Browning as excessive salary paid F. E. Browning, as general manager of the company during the ten years from 1921 to 1930, inclusive, and held by the court to be fraudulent as against the minority stockholders. Judgment against the same defendants for $550 was rendered on…