Ogden Standard-Examiner | 1927-01-04 | Page 10 | Tire Firm Sues F. A. Seiberling

TIRE FIRM SUES F AI Former President ent Charged W th Misappropriation i of Funds TheA AlRO AKRON Ohio Jan By f-By 4 By The A Tho Tha Press Tho Goodyear Goodear Tire Ire and Rubber eom company any today flied filed suit against I F A Its 1311 former fomer president dent for tor 1371 1311 charging fraudulent mis- mis mIsappropriatIon mis misappropriation appropriation of ot company fund funds Two amounts are named In III the suit with Interest from rom 1030 November 1 1919 and 1030 with Interest from Decem Decem- ber December 31 1919 The represents represent in- in in ID interest terest at the tho rate of six Ix per cent centon centon centon on millions of Goodyear money at- at al alleged eged to have been beel used by for tor private purposes ILS as charged In Iii an nn answer filed flied ye- ye yes ter yesterday yeter lay by John Sherwin Cleveland banker In tho Goodyear stock stock- hol holders stockholders lers suit pending in Summit county courts The Tho Tho 51 Gl represents money which is alleged to have fraudulently caused the Goodyear company to pay out in III for tor heIght BelS allotment No 2 ThIs money moncy It Is charged should have been paid b by ly Is I Today's Tolls action is one of ot the hue ver increasing number of ot legal suits suIte and suits counter being filed Wed by common and aad preferred stockholders ers era and directors ot of the tIme battle reorganized Goodyear company company In a 0 bat t- t tie tle tor for control ot of the company Control now rests rest's with the Dillon- Dillon Rad banking interests which handled th the o financing of ot tho the com cent company pany upon ita ite reorganizing six years ears ago aRO Is one of the stockholders voting trustees to 10 bo ho to regain con con- control con tol control ol of 0 the cl company he founded