Fanney v. Virginia Investment and Mortgage Corp.

Virginia Investment and Mortgage Corporation, its officers, directors and stockholders, hereinafter referred to as the complainants, filed their bill in equity against Robert M. Fanney, Jr., and Residential-Commercial Mortgage Corporation, hereinafter referred to as the defendants, alleging that in January, 1956, “negotiations were entered into” between Fanney and certain of the complainants with a view to consolidating the businesses of the two corporations under Fanney’s management; that “before any agreement had been reached between the parties,” and before Fanney had been elected a…