Costello v. Southern Pub. Co.
Supreme Court of Louisiana
Action by James J. Costello against the Southern Publishing Company, Incorporated. Application by the defendant for writs of mandamus and prohibition on refusal to allow suspensive appeals.
1Opinion of the CourtSommerville, J.
Plaintiff, alleging himself to be the owner of five shares of the capital stock of the defendant corporation, charges, in his petition, that the corporation is insolvent; that the officers in charge have wrongly converted the corporation assets; that the board of directors is recklessly mismanaging the business of the corporation; and that it is losing $2,000 a week — as well *163as other causes of complaint. And he asks that the management of said corporation show cause on a day and at an hour to be fixed by the district court why a receiver should not be appointed to wind up and liquidate the…
2Cited by3 opinions
- Gordon v. Business Men's Racing Ass'nSupreme Court of Louisiana · 1916
- Frank v. WatersSupreme Court of Louisiana · 1926
- Hartman-Salmen Co. v. MaloneyLouisiana Court of Appeal · 1934