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ESTON v. ARGUS, INC.

Docket No. 49, Calendar No. 44,736.

328 Mich. 554 (1950)

44 N.W.2d 154

ESTON v. ARGUS, INC.

Supreme Court of Michigan.

Decided October 2, 1950.

Attorney(s) appearing for the Case

Harold Goodman, for plaintiff.

McKone, Badgley, McInally & Kendall, for Argus, Inc.

Amicus Curiae:

Beaumont, Smith & Harris (Frank E. Cooper, of counsel), for Michigan Manufacturers' Association.

BUSHNELL, J.

Plaintiff Louis M. Eston, a shareholder in defendant Argus, Inc., and a resident of Wayne county, Michigan, brought suit in equity in that county on behalf of defendant corporation. The bill of complaint, dated August 8, 1949, alleged that the directors and officers, by negligence and mismanagement, had dissipated funds of the corporation and asked a judgment in damages for the corporation against them. Defendant corporation has its principal place of...

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