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Donahue v. Rodd Electrotype Co.
Citation:328 N.E.2d 505 (1975)
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- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- Brief Facts: A Synopsis of the Facts of the case.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
In the mid-1930s Harry Rodd and Josephine Donahue had become employees of Royal Electrotype. Rodd acquired 200 of the corporation’s 1000 shares and Donahue acquired 50 shares. In 1955 Rodd became president and general manager and Rodd and Donahue became Royal’s sole shareholders, owning 80% and 20% of its stock, respectively. in 1960 the corporation was renamed Rodd Electrotype. Prior to 1967 Harry had distributed 117 of his 200 shares to the corporate treasury. The plaintiff has characterized the corporate purchase of Harry Rodd’s shares as an unlawful distribution of corporate assets to controlling stockholders.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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