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SAUER v. NEWHOUSE

26 F.Supp. 326 (1939)

SAUER et al. v. NEWHOUSE et al.

District Court, D. New Jersey.

February 14, 1939.

Attorney(s) appearing for the Case

Child, Riker, Marsh & Shipman, of Newark, N. J., for plaintiffs.

Osborne, Cornish & Scheck, of Newark, N. J., for defendants.

FORMAN, District Judge.

This action is a representative suit brought by and on behalf of stockholders of the Newark Morning Ledger Company complaining of alleged mismanagement and dissipation of assets of the corporation by its officers, Newhouse and Hoffman.

During the progress of the trial negotiations were held for the purpose of settlement through the purchase of outstanding common and preferred stock of the Newark Morning Ledger Company. Thereupon, notice...

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