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SAVAGE v. MONARCH ROYALTY CORPORATION

No. 726.

64 F.2d 650 (1933)

SAVAGE et al. v. MONARCH ROYALTY CORPORATION et al.

Circuit Court of Appeals, Tenth Circuit.

April 6, 1933.

Attorney(s) appearing for the Case

Edward J. Fleming, of Tulsa, Okl. (H. C. Doyle and E. R. Meyer, both of Kansas City, Mo., on the brief), for appellants.

Villard Martin, of Tulsa, Okl. (Geo. S. Ramsey, Edgar A. deMeules, and Garrett Logan, all of Tulsa, Okl., on the brief), for appellees.

Before COTTERAL and McDERMOTT, Circuit Judges.

McDERMOTT, Circuit Judge.

The appellant filed his claim for $37,716.60 with the Receiver of the Monarch Royalty Corporation. The Receiver protested its allowance on the ground that the claim was founded on a scheme to defraud the stockholders of the corporation, was ultra vires and contrary to public policy. The issues were referred to a master who made a report which includes a summary of the testimony, a running comment...

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