MEANEY, District Judge.
Plaintiff, Earl H. Tiffany, Jr., through a holding company, in 1956 acquired all of the outstanding stock of Fairlawn News, Inc. and became publisher of a weekly newspaper bearing the name Fairlawn News, Inc. Plaintiff was the controlling stockholder of the holding stock company and the other stockholders were inactive.
From the very beginning plaintiff was aware that the financial problems of Fairlawn News, Inc. were pressing and constantly...
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