Ricau v. Couvillion

This is a suit by the receiver of C. C. Gaspard, Inc., to recover $20,200, alleged to be due the company by defendant on his unpaid stock subscription for 200 units of its capital stock, and for 15 per cent, thereon as attorney’s fees. The district judge rejected plaintiff’s demand and dismissed the suit at his cost. The appeal is from that judgment.

The petition alleges that defendant, by written contract, subscribed for 200 units of the capital stock of C. C. Gaspard, Inc., each unit consisting of one share of preferred stock of the par value of $100 and one share of common stock of the par…