HENRY FORD SUED.
LINCOLN MOTOR COMPANY'S AFFAIRS. (St CABLX—PB«SS ASSOCIATION—COPIMOHT.) (AUSTBAUAK AND H.Z. CABM ASSOCIATION) NEW YORK, November 15. A message from Pontiac, Michigan, states that 2000 stockholders in the old Lincoln Motor-car Company t.re, suing Henry Ford for 6,000,000 dollars, alleging that he failed to keep his spoken promise to buy their stock when he bought the company from the Federal Court receiver in 1922. The suit was filed by Henry Leland and his son, Wilfrid Leland, president and vice-president respectively, of the original Lincoln firm. The Lelands were granted power of attorney by the stockholders to proceed against Ford. The complaint alleged that Ford bought out the Lelands after a pediod of depression, and agreed to co-operate with the elder Leland in reorganising the corporation, but instead it is alleged that Ford bought out other stockholders giving him control of the company, and he then repudiat< d all agreements both with the Lelands and with the minority stockholders.
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Press, Volume LXIII, Issue 19160, 17 November 1927, Page 9
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160HENRY FORD SUED. Press, Volume LXIII, Issue 19160, 17 November 1927, Page 9
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