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YATES RANCH OIL & ROYALTIES v. JONES

No. 8718.

100 F.2d 419 (1938)

YATES RANCH OIL & ROYALTIES et al. v. JONES et al.

Circuit Court of Appeals, Fifth Circuit.

December 16, 1938.

Attorney(s) appearing for the Case

Jos. W. Bailey, Jr., and C. J. Shaeffer, both of Dallas, Tex., for appellants.

Stanley Boykin and H. C. Ray, both of Fort Worth, Tex., for appellees.

Before SIBLEY and HUTCHESON, Circuit Judges, and DEAVER, District Judge.

SIBLEY, Circuit Judge.

Two stockholders, owning respectively five and fifty-five shares out of a total of sixty thousand shares of stock in Yates Ranch Oil and Royalties Company, on May 4, 1936, filed in behalf of all stockholders a bill in the District Court against the corporation and C. A. Everts, who since April, 1930, had been its president and manager. It charged a corrupt bargain on the part of Everts with one Hoover, who preceded him as president, whereby...

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