GOODMAN v. CUSHMAN

No. 6875.

92 Ariz. 276 (1962)

376 P.2d 394

Henry GOODMAN, and all stockholders similarly situated, Appellants, v. Renee S. CUSHMAN, Allerton Cushman, W.L. Farringer, Individually and as constituting the Officers and Majority Shareholders and Directors of the Phoenix Municipal Stadium, an Arizona corporation; the Phoenix Municipal Stadium, an Arizona corporation, Appellees.

Supreme Court of Arizona, En Banc.

November 28, 1962.


Attorney(s) appearing for the Case

Botsford, Turner & Roe, by D. Kelly Turner, Scottsdale, for appellants.

W.L. Farringer and Irwin Cantor, by W.L. Farringer, Phoenix, for appellees.


FRANK X. GORDON, Jr., Superior Court Judge.

Appellants were plaintiffs in a minority stockholders' suit against the Phoenix Municipal Stadium, an Arizona corporation, the officers and directors of the corporation and its majority stockholders. In their suit, plaintiffs had four causes of action for fraudulent transfer of the assets of the corporation, unauthorized payments from corporation assets, a conspiracy among the defendants to achieve the foregoing, and for...

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