Poutch v. National Foundry & Machine Co.

Opinion of the Court by

Chief Justice Hobson—

Affirming.

Frank L. Reeder, Albert B. Freeville and Basil Doerhofer own 282 shares of stock in the National Foundry and Machine Company out of a total issue of 500 shares. H. H. Poutch and wife, who are among the minority stockholders, brought this suit for themselves and the other stockholders against the three persons named and the company, complaining that they had paid themselves out of the money of the company, sums to which they were not entitled, they being the directors of the company and also its president, secretary and treasurer and vice…