McLaughlin v. McLaughlin, Ward & Co.

This is a chancery suit by minority stockholders seeking relief relating to the issuance of 300' shares of stock to L. W. Maloy as well as an accounting from the Ward estate relating to other business transactions.

About the year 1890, Dr. Miar McLaughlin and Russell E. Ward formed a business copartnership in the city of Jackson, the purpose of which was to deal in beans, grains and feed with R. E. Ward as the active manager. Dr. McLaughlin died in 1908 and after his death a corporation was formed under the name of McLaughlin, Ward & Company with an authorized capital of $50,000 divided into…