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POLARIS IRON CO. v. TRIPPETT

No. 675.

28 F.Supp. 690 (1939)

POLARIS IRON CO. v. TRIPPETT et al.

District Court, W. D. Louisiana, Shreveport Division.

July 15, 1939.

Attorney(s) appearing for the Case

Foster, Hall, Barret & Smith, of Shreveport, La., for complainant.

W. H. Sanford, of Dallas, Tex., and Wilkinson, Lewis & Wilkinson, of Shreveport, La., for Meadows.

Foster, Hall, Barret & Smith and E. S. Klein, all of Shreveport, La., for intervenors.

DAWKINS, District Judge.

Plaintiff sold to defendants 188½ shares of stock in an oil company, The Texota Oil Corporation, for the sum of $36,192, and brought this suit for an accounting on behalf of itself and such other stockholders as might join herein, charging the defendants, R. G. Trippett and A. H. Meadows immediately after the transfer of the stock, sold the assets of the corporation for a price which netted them a profit upon plaintiff's stock of $5,278...

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