Smith v. Bramwell

This is an action by a stockholder in the American Bancorporation to recover $255,840 general damages and $100,000 punitive damages from the defendants — who are also stockholders and officers in the above corporation — on account of an alleged conspiracy resulting in depreciation of value of plaintiff’s stock. After setting forth the history and structure of the American Bancorporation and of its subsidiary corporations in which plaintiff was interested, it is alleged in the complaint that the voting stock of the American Bancorporation was transferred to certain trustees, under a voting…