Wadler v. Mogul Rubber Corporation

Atlantic India Rubber Works, Inc., hereinafter called Atlantic, is a sales organization for rubber goods. In 1936, it acquired a majority of the stock of appellee Mogul Rubber Corporation, hereinafter called Mogul, which latter is a rubber goods manufacturing concern, the purchase having been made by Atlantic to acquire a manufacturing unit. Atlantic later sold its Mogul stock to some of its own stockholders. The appellant acquired some but the appellees Moore and Moore, husband and wife, acquired the controlling interest and they together now own about 80 percent of Atlantic and 68 percent…