Kullgren v. Navy Gas & Supply Co.

THIS is a suit in behalf of a corporation by one of its stockholders. The corporation and its directors and officers are parties defendant. As against the individual defendants there were allegations of mismanagement, based whereon plaintiff asked judgment for an accounting to the corporation and other relief in its interest. Authority of the stockholder to maintain the suit in behalf of the corporation found predicate in allegations that its directors and officers, although requested to proceed in the regard indicated, had refused. Three of the defendants, proceeding "individually, and as…