DUNNETT v. ARN

Nos. 960, 961.

71 F.2d 912 (1934)

DUNNETT et al. v. ARN et al. ARN et al. v. DUNNETT et al.

Circuit Court of Appeals, Tenth Circuit.

June 12, 1934.


Attorney(s) appearing for the Case

Glenn Alcorn, of Tulsa, Okl., and W. V. Pryor, of Sapulpa, Okl. (Robt. W. Raynolds, of Tulsa, Okl., on the brief), for the Dunnetts.

Benjamin C. Conner and John M. Winters, Jr., both of Tulsa, Okl., for First Nat. Bank & Trust Co. of Tulsa.

A. K. Swann, of Tulsa, Okl., for James G. Cloud.

F. E. Riddle, of Tulsa, Okl. (O. G. Rollins, of Tulsa, Okl., on the brief), for Arn and others.

Before LEWIS, PHILLIPS, and McDERMOTT, Circuit Judges.


PHILLIPS, Circuit Judge.

The Operators Oil Company, a Delaware corporation, had outstanding capital stock aggregating 113,255 shares. James G. Cloud and Ray M. Dunnett owned or controlled 60,000 of such shares. The plaintiffs below and the remaining stockholders, hereinafter called the minority stockholders, owned 53,255 of such shares. Cloud was president and Dunnett secretary of the Operators Company.

The Operators Company owned a valuable producing oil...

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