Wolf v. Globe Liquor Co.

Wolcott,

Justice, for the Court: This appeal involves the question of the right of a former employee to demand an accounting from his employer of additional profits in past years, to a percentage of which the employee contends he was entitled pursuant to the terms of his employment agreement. The facts of the case are as follows:

Globe Liquor Company, the appellee (hereinafter called Globe), is a Delaware corporation engaged in the wholesale liquor business. Some time in 1937, Morton Lazarus acquired all of its outstanding stock and, in July of that year, in Globe’s behalf, entered into an…