American States Public Service Co. v. Rath

Appeal from a judgment for the plaintiff. The plaintiff sued to recover sums alleged to have *671been retained by the defendants as secret profits in transactions in which it was alleged the defendants were the agents of the plaintiff. The complaint was in two counts. In the first count it was alleged that the defendants, as agents of the plaintiff, received the sum of $675,000 for the purpose of purchasing the issued and outstanding stock of Southern California Utilities, Inc., for the plaintiff’s account, and that in fact but $500,000 was paid for said property; that the defendants retained the…