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GALLUP v. CALDWELL

No. 7439.

120 F.2d 90 (1941)

GALLUP v. CALDWELL et al.

Circuit Court of Appeals, Third Circuit.

May 21, 1941.

Attorney(s) appearing for the Case

Harold F. Levin, of New York City (Delson, Levin & Gordon, of New York City, and James H. Hughes and Hughes & Terry, all of Dover, Del., on the brief), for appellant.

Caleb S. Layton, of Wilmington, Del. (Robert H. Richards and Richards, Layton & Finger, all of Wilmington, Del., on the brief), for appellees Empire Gas & Fuel Co. and others.

Before MARIS, JONES, and GOODRICH, Circuit Judges.

GOODRICH, Circuit Judge.

This action was instituted by Bella Gallup, a resident of New York, as a shareholder of the Indian Territory Illuminating Oil Company, a New Jersey corporation, to recover for the company damages resulting from an alleged waste of its assets and earnings. Indian Oil, two parent corporations and several directors were joined as defendants. The complaint described various methods allegedly employed by...

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