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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Findley v. Garrett, 109 Cal. App. 2d 166 (1952)

Citation
Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
Parent Document
Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
Jurisdiction
California (state)
Effective Date
1952-02-08

Other Sections in This Document (69)

Full Text

1,105 chars
"The investigation reveals that some of said officers who (together with certain members of their families) conceived and/or participated in said fraudulent plan are as follows: J. O. Garrett, Harry H. Wetzel, deceased, Frederick W. Conant, John K. Northrop, Charles T. Leigh, Harry W. Elliott, Carl A. Cover, deceased, Philip G. Earner, Victor E. Bertrandias, A. E. Raymond, Henry E. Guerin, Edmund R. Doak, and Don P. Smith. Additional details concerning the inception and execution of said fraudulent plan and the extent of the individual benefits therefrom can be made available to you by the officers named above. The officers and directors of your corporation who did not actively participate in said fraudulent plan may or may not be jointly liable, depending on whether or not said fraudulent plan was secret as to them. If they did in fact know of the inception and operation of said fraudulent plan, and failed to take appropriate action, they would be liable for allowing the others to carry out said fraudulent plan without official opposition, unless they did in fact oppose it without avail.