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ENTER MILLION-DOLLAR SUIT

Publication: The New York Times
Dateline: Detroit, Michigan
Date: 3 January 1920
Topic: Olympian

73 Stockholders Name 7 Directors of Olympian Motors as Defedants.

Special to The New York Times.

DETROIT, Jan. 2.—Seven officers and Directors of the Olympian Motors Company of Pontiac are named as defendants in a damage suit for $1,000,000 filed in the Federal Court by Paul Weadock of Detroit, attorney for seventy-three complaining stockholders.

The complaint alleges that, in violation of the laws of Michigan and the rights of 4,000 stockholders, the defendants caused to be organized an enterprise known as the C. E. Callender Company, and that sums paid from the treasury of Olympian Motors Company were in turn divided between St. Clair Couzens, C. E. Callender and others, it is said.

Otis Friend, New York, Director and member of the Executive Council, is one of the defendants.




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