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PIERCE v. WAHL

Nos. 3, 12, September Session 1951.

86 A.2d 757 (1952)

PIERCE v. WAHL. WAHL v. PIERCE.

Supreme Court of Delaware.

February 26, 1952.

Attorney(s) appearing for the Case

Robert C. Barab, of Wilmington, for plaintiff below.

Joseph Handler and Abraham Hoffman, of Wilmington, for defendant below.

Before SOUTHERLAND, C. J., and WOLCOTT and TUNNELL, JJ.

TUNNELL, Justice.

This action was brought in equity to obtain an accounting for wrongdoings allegedly committed by the defendant while he was serving Concord Products Corp. (hereinafter called "Concord") as managing director. Concord was a small, closely held corporation engaged principally in the sale and installation of storm sash and heating equipment. The defendant Pierce held 40% of the capital stock in Concord, and two men by the name of Carpenter and Tattersall...

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