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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

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“Mr. Douglas then opened the discussion with respect to a stockholder’s suit which is threatened by Mr. Kenneth Dellamater, attorney acting for Mr. Kenneth Findley, a stockholder of record who purchased two shares of stock on April 13, 1948. Mr. Douglas also informed the Board that Gibson, Dunn and Crutcher, attorneys in Los Angeles, will serve as consultants to our Legal Department. Mr. Hines pointed out that suit was to be brought with respect to the Garrett Corporation and the interest which certain directors and officers at Douglas had in such corporation from time to time in the past, as set forth in Mr. Della-mater’s letter of June 3, 1948 and in subsequent correspondence. Copies of this letter had previously been sent to all members of the Board prior to this meeting. Mr. Hines then presented to the Board a proposed letter to be sent to Mr. Dellamater on behalf of the Board. After some discussion the following resolution was proposed by Geoffrey Mayo, seconded by Milo Bekins, and upon being put to a vote was unanimously passed: