Word: counterclaimed
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...that is very much like Plato's Academy. The Plato of the place: Harry Jakobsen, a $100-a-week tool designer-turned-guru. At week's end a somewhat mystified Superior Judge Frederick Hall gave Columbia until Jan. 3 to file an answer to Jacobsen's counterclaim...
...elect only one director at each election and could never have more than three directors on the board at one time." The traditional right of a majority is also "impaired," since the majority would have to "wait for two or three years" to get control of the company. Claim & Counterclaim. Wolfson's court victory was no proof that he would win the proxy fight. Ward President Edmund Krider, who said that the company had spent $125,000 on the fight so far, boasted that Avery had proxies for "well over 51% of the 6,700,000 shares outstanding." Therefore...
...Hummon had the last laugh. By week's end three Georgia judges had heard suits concerning his claim and the counterclaim of Lieutenant Governor M. E. Thompson to the governorship. The judges chose Hummon in two cases out of three...
Eversharp has already filed two patent infringement suits, for $2,000,000 apiece, against Ball and Kimberly, in addition to its $1,000,000 counterclaim against Reynolds (TIME, Nov. 12, 1944). But none of them seemed concerned. Said one manufacturer: "Nobody's done any copying. The ball principle dates way back to the last century...
Back came a counterclaim, also for $1,000,000. Eversharp and Eberhard Faber, in a sizzling defense memorandum, went after the "somewhat checkered career" of Milton Reynolds, president of Reynolds International Pen. They charged that he had owned or been active in at least four companies which went broke. He had recently sold U.S. retailers Mexican cigaret lighters which "later turned out to be defective. He ... is apparently ... a 'stop-&-go guy,' a man who . . . drops the item [when it goes sour] and turns to another...