Mayer v. Oxidation Products Co., Inc.

Bigelow, V. C.

Complainant is a stockholder of the Oxidation Products 'Company and the Industrial Oxidation Corporation, both incorporated in Delaware. The two companies have the same stockholders, directors and officers, and are operated as a single enterprise. Complainant alleges that three of the-stockholders, namely, Fischer, Bibb and Yan Pelt, have received large sums belonging to the corporations and he asks-an accounting and restoration to the companies. Similarly, he asserts that moneys of the companies have been improperly paid to a third corporation, Grant Manufacturing Company,…