Morrison

Morrison v. Stone

Good Law
103 Cal. 94·1894 Cal. LEXIS 729·37 P. 142
Supreme Court of CaliforniaJune 13, 1894No. 15408California726 words

Opinion

lead Opinion

Haynes, J.

This action was brought by Morrison, a stockholder in the History Company, a corporation, on behalf of himself and of all other stockholders in said corporation who should join him in the action, against N. J. Stone, J. L. Hebert, Elizabeth C. Latham, administratrix of the estate of A. S. Latham, and said History Company.

The complaint charges a conspiracy between Stone, Hebert, and Latham, all of whom were connected with said History Company (Stone being vice-president), to injure that corporation, by organizing another, known as the Pacific Publishing Company, and that after the formation of the last-named corporation Stone assumed to sell and transfer to it the stock of eastern subscription books belonging to the History Company, together with the agency and goodwill thereof, whereby the History Company had been deprived of a large portion of its stock in trade, had lost valuable agencies, was crippled in its business, and had been compelled to suspend payment of dividends, to the damage of the History *96 Company in the sum of fifty thousand dollars. The prayer is for damages, and for an accounting.

The answers of the several individual defendants put in issue all the…

Sign in to read the full opinion

Create a free account to read the complete opinion text, citation history, and good-law status for this case.