Legal Opinion
Sagalyn v. Meekins, Packard & Wheat Inc.
Massachusetts Supreme Judicial Court
Decided April 29, 1935PublishedCited by 50 opinions
1Opinion of the CourtRugg, C.J.
This is a suit by stockholders against a Massachusetts corporation and its directors. The object of the suit is to recover for the benefit of the corporation (1) the portion of salaries paid to three of the defendants as managing officers of the corporation in excess of the fair value of their services, and (2) certain moneys of the corporation paid for establishing a voting trust of its preferred stockholders designed to perpetuate the control of its affairs by certain of the individual defendants.
The case was referred to a master, who filed a comprehensive report covering all issues. There…
2Cases cited25 opinions
- Geddes v. Anaconda Copper Mining Co.Supreme Court of the United States · 1921
- Calkins v. Wire Hardware Co.Massachusetts Supreme Judicial Court · 1929
- Brown v. Little, Brown & Co.Massachusetts Supreme Judicial Court · 1929
- Fillebrown v. HaywardMassachusetts Supreme Judicial Court · 1906
- Brightman v. BatesMassachusetts Supreme Judicial Court · 1900
20 more not listed; retrieve them via the Exa API.
3Cited by50 opinions
- Demoulas v. Demoulas Super Markets, Inc.Massachusetts Supreme Judicial Court · 1997
- Donahue v. Rodd Electrotype Co. of New England, Inc.Massachusetts Supreme Judicial Court · 1975
- Starr v. FordhamMassachusetts Supreme Judicial Court · 1995
- Spiegel v. Beacon Participations, Inc.Massachusetts Supreme Judicial Court · 1937
- Chelsea Industries, Inc. v. GaffneyMassachusetts Supreme Judicial Court · 1983
45 more not listed; retrieve them via the Exa API.