Jones v. Costlow

Opinion by

Mr. Justice Horace Stern,

It is perhaps natural that plaintiff should feel aggrieved by the loss of his stock in a prosperous corporation through its sale by the pledgees to whom he had assigned it as collateral, but that he is justified in attributing his misfortune to any improper conduct on the part of the directors of the corporation is an entirely different proposition and one that is not supported by the evidence in this case.

Motor Sales Company of Johnstown was incorporated in 1919 and since then has carried on an automobile sales agency and general garage business. At the…