Garig v. Truth Printing & Pub. Co.
Supreme Court of Louisiana
Appeal from Twenty-Second Judicial District Court, Parish of East Baton Rouge; Harney Felix Brunot, Judge. Action by Leon Garig and others against the Truth Printing & Publishing Company, Limited. From an order appointing a receiver, defendant and certain interveners appeal.
1Opinion of the CourtNicholls, J.
Plaintiffs alleged: That they were stockholders in the defendant company. That the directors and other officers were jeopardizing the rights of stockholders by grossly mismanaging the business, and by committing acts ultra vires, and by wasting, misusing, and misapplying the property and funds of said corporation.
That the majority of the stockholders of said corporation were violating- the charter rights of the minority and putting their interests in imminent danger. That said corporation was being operated at a loss, and had been operated and was still being operated without regard to the…
2Cases cited1 opinion
- Dreifus v. Colonial Bank & Trust Co.Supreme Court of Louisiana · 1909
3Cited by6 opinions
- Goldman v. ThomsonLouisiana Court of Appeal · 1926
- United Pentecostal Church v. Interstate SurplusLouisiana Court of Appeal · 1979
- Schroeder v. SchroederLouisiana Court of Appeal · 1966
- Streat v. Unity Industrial Life Ins. Co.Louisiana Court of Appeal · 1932
- McCabe v. Keystone Life Ins.Supreme Court of Louisiana · 1912
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