Angelus Securities Corp. v. Ball

WHITE, J., pro tem.

This is a suit by plaintiff, a Delaware corporation, authorized to do and doing business solely in the state of California, against six of its former officers and directors (Harriss, Ball, Cruiekshank, Woodward, Crowe and Breslin) and the executrix (Eva Luton) of the estate of a seventh director (Luton), involving certain transactions that took place in 1931. Jean L. Ferguson and Catherine Lyon are also named defendants, they being the mother and daughter, respectively, of director Luton, and are alleged to have received some of the property here involved.

The first cause of…