Case ID: ohio-law-abs_4/html/0161-04.html
Source: Caselaw Access Project
Author: {"author": "KINKADE, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

No. 205
    19126
    American Mortgage Co. v. David M. Rosenbaum;
    error to the Hamilton Appeals.
    Judgment reversed.
    Marshall, CJ., Jones, Matthias, Day, Allen, Kinkade, and Robinson, JJ., concur.
    Dock. 5-10-25;
    3 Abs. 313. OS. Pend. 3 Abs. 380.
    313. CORPORATIONS — Acquisition of capital stock by a person for purpose of setting up right to inspect books and to take copies thereof, and to exercise this privilege in bad faith, with intent to embarrass the company in its business and to cause loss to other stockholders does not entitle such person to an injunction ordering officers to permit such inspection or taking of such copies.
   KINKADE, J.

One who acquires ownership of capital stock in a corporation in order that he may thereby establish a-right to inspect the books and papers of the company and take copies thereof, and then seeks to_ exercise such privilege not in good faith to inform himself, as a stockholder, with respect to the management and status of the affairs of the company but with the intent of giving publicity to the information so to be acquired which will diminish the value of the assets of the corporation, embarrass the company in the conduct of its business and thereby cause a loss to all other stockholders of the company, is not entitled to a writ of injunction commanding the officers and agents of the corporation to permit such inspection and copies to be made. (Cincinnati Volksblatt Co. v. Hoffmeister, 62 Ohio St., 189, distinguished.)

Judgment reversed.