Hubbard v. Caserta

3 Citing cases

  1. Sarner v. Fox Hill, Inc.

    199 A.2d 6 (Conn. 1964)   Cited 12 times

    Even though the transactions are avoided, however, the defendant, if compensation was due him for his managerial services, would remain entitled to it in a fair and reasonable amount. Massoth v. Central Bus Corporation, 104 Conn. 683, 691, 134 A. 236; Hubbard v. Caserta, 108 Conn. 567, 569, 144 A. 39; 1 Washington Rothschild, Compensating the Corporate Executive (3d Ed.), pp. 219, 221; note, 175 A.L.R. 577, 600. There is no finding as to what amount would be reasonable compensation for the defendant's managerial services, nor is there any finding that all or any part of the 100 shares would constitute reasonable compensation for those services. The defendant had the burden of proving that the payment in the 100-share block of stock, even though at an agreed value of $145 a share, was fair and reasonable remuneration for his services, or, in other words, that reasonable compensation for his services would amount to at least $14,500.

  2. Levine v. Randolph Corporation

    188 A.2d 59 (Conn. 1963)   Cited 11 times

    Equity, in a proper case such as this, will enjoin the illegal issuance of corporate stock. 11 Fletcher, Corporations (Perm. Ed.) 5176; see also Hubbard v. Caserta, 108 Conn. 567, 568, 571, 144 A. 39. The defendants in their claims of law made in the trial court and in their argument before us have treated the proposed stock issue as coming within the purview of 33-344 of the General Statutes.

  3. Steinman's, Inc. v. Albert

    9 Conn. Supp. 342 (Conn. Super. Ct. 1941)

    Paragraphs 14 and 17 of the present complaint sufficiently allege that these withdrawals were for other than corporate purposes, tending, at least, to constitute an attempted withdrawal of defendant's original subscription to the capital stock of the corporation. Hubbard vs. Caserta, 108 Conn. 567; Massoth vs. Central Bus Corporation, 104 id. 683. The second assigned reason of demurrer is: