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eBook details

• Title: Sagalyn Et Al. v. Meekins
• Author : Supreme Judicial Court of Massachusetts
• Release Date : January 02, 1935
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 65 KB

Description

RUGG, Chief Justice. This is a suit by stockholders against a Massachusetts corporation and its directors. The object of the
suit is to recover for the benefit of the corporation (1) the portion of salaries paid to three of the defendants as managing
officers of the corporation in excess of the fair value of their services, and (2) certain moneys of the corporation paid
for establishing a voting trust of its preferred stockholders designed to perpetuate the control of its affairs by certain
of the individual defendants. The case was referred to a master, who filed a comprehensive report covering all issues. There is no report of the evidence.
An interlocutory decree, from which no appeal was taken, was entered overruling exceptions to the master's report and confirming
it. The findings by the master are not contradictory, inconsistent, or incomplete. They must be accepted as final and treated
as true. Kilkus v. Shakman, 254 Mass. 274, 276, 150 N.E. 186; Levey v. Nason, 279 Mass. 268, 271, 181 N.E. 193; Samuel &
Nathan E. Goldstein, Inc., v. Dietz, 284 Mass. 548, 549, 188 N.E. 259.

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