Kolodny v. Quality Bilt Furniture Co., Inc.

This is a suit brought by complainant on behalf of himself and any other stockholder or creditor of defendant General Furniture Manufacturing Co., Inc., who might join with him, for the appointment of a receiver of the corporations and for the reconveyance to the receiver of certain assets now in the hands of the other defendant corporations. Complainant contends that the personal defendant fraudulently induced him to agree to assign his stock in the General Furniture Company to them on their promise to pay him $1,000 for the stock, give him employment and refinance the corporation so as to…