Garbe v. Excel Mold, Inc.

ROBERTSON, Judge.

This action is a suit by two minority shareholders, Charles J. Garbe (Garbe) and Ralph Holloway (Holloway) against the promoter and majority shareholder of the Excel Mold, Inc. (Excel) corporation, Harold B. Bruhn (Bruhn), and against the corporation itself to set aside a stock transfer between Bruhn and Excel. The trial court, without the intervention of a jury, ruled in favor of the'defendants. We affirm.

The factual background to this case is that a previous corporation with the same name as the one involved in this suit was owned by N. L. Industries. “Old” Excel Mold, Inc.…