Lister v. Sorge

pro tem. * —This is an appeal from a judgment reforming a written option to purchase corporate stock and decreeing specific performance of the contract as reformed.

Plaintiff and defendant were among the original incorporators and stockholders of United Geophysical Corporation, a California corporation, (hereafter referred to as U.G.C.) and its Venezuelan subsidiary, United Geophysical Company S.A. (hereafter referred to as S.A.). In March 1958 defendant succeeded plaintiff as president of both corporations. At that time, in accordance with the terms of a stockholders’ agreement, plaintiff…