Weston v. Acme Tool, Incorporated

DAVISON, Justice.

Howard B. Weston and John Jacobsen (plaintiffs below), stockholders in Acme Tool, Inc., filed their minority stockholders’ action in the lower court against the corporation, Acme Tool, and its officers and directors, William D. Warner, Harold Sadberry, Eugene P. Ledbetter, Jr., James A. Fuller, Jr., and Frank Lake, wherein plaintiffs sought an accounting as to the assets of the corporation, an injunction against dissipation of the corporate assets, and for a receiver for the corporation and the operation of its business.

Plaintiffs appeal from the order and judgment of the…