American Timber & Trading Co. v. Niedermeyer

This appeal involves two suits which were consolidated for trial. In the first suit, the plaintiff corporation, American Timber & Trading Co. (AT&T), seeks an accounting for funds diverted from the plaintiff corporation to the defendant corporation, Vancouver Timber Investment Co. (VTI) by defendant Ben E. Niedermeyer (Ben), a former director and majority stockholder of plaintiff corporation. The second suit involves two separate causes of suit. One seeks an accounting for salaries, bonuses and "expenses” received by Ben from AT&T without corporate authority. The expenses primarily involved…