California Supreme Court December 1, 1933, Docket No. S.F. 14704. (Henderson v. Jacobs)

SEAWELL, J.

This action was brought by plaintiffs, owners of stock of the Fairmede Golf and Country Club, a corporation, in their representative capacity against the defendants. The gravamen of the complaint consists of allegations of fraud and conspiracy on the part of a majority of the directors of said corporation.