Kinter v. Commonwealth Trust Co.

Opinion by

Mr. Justice Walling,

This action in equity is to set aside a sale of corporate stock, on the ground of fraud, and for an accounting. The Harrisburg Pipe and Pipe Bending Company is a manufacturing corporation located at Harrisburg, in which the plaintiff, J. Carroll Kinter, became a stockholder in 1908, to the extent of twenty shares of common stock of the par value of $50 a share. It was then and for seven years thereafter a going concern but paid no dividends on such stock and became badly involved. From prior to 1914, to 1920 the defendant D. E. Tracy, was president, the defendant…