FORD SUED
LEYLAND MOTORS’ CLAIM.
ALLEGED BREACH OF CONTRACT.
(Received 16, 11.10 a.m.) New York, Nov. 15. A message from Pontiac, Michigan, states that 2000 stockholders in the old Lincoln Motor Car Company are suing Henry Ford for 6,000,000 dollars, alleging that he failed to keep a verbal 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 Wilfred Leland, president and vice-president respectively of the original Lincoln firm, who were granted power of attorney by the stockholders to proceed against Ford. The complaint alleged that Ford bought out the Lslands after a period of business depression and agreed to co-operate with the elder Leland in reorganising the corporation, but instead. it is alleged, Ford bought out the other stockholders, giving him control of the company and he then repudiated all his agreements, both with the Lelands and with the minority stockholders.—(A, and N.Z.)
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https://paperspast.natlib.govt.nz/newspapers/HBTRIB19271116.2.44
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Hawke's Bay Tribune, Volume XVII, 16 November 1927, Page 5
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161FORD SUED Hawke's Bay Tribune, Volume XVII, 16 November 1927, Page 5
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