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CRAWFORD v. MEXICAN PETROLEUM CO. OF DELAWARE

No. 296.

130 F.2d 359 (1942)

CRAWFORD et al. v. MEXICAN PETROLEUM CO., LTD., OF DELAWARE et al.

Circuit Court of Appeals, Second Circuit.

August 11, 1942.

Attorney(s) appearing for the Case

John B. Doyle, of New York City (William Reiss and Jerome H. Shapiro, both of New York City, on the brief), for appellants.

David Paine, of New York City (Kellogg, Emery & Inness-Brown, Ethelbert Warfield, and J. Fearon Brown, all of New York City, on the brief), for appellees.

Before L. HAND, AUGUSTUS N. HAND, and CLARK, Circuit Judges.

CLARK, Circuit Judge.

This is a minority stockholders' suit against Mexican Petroleum Co., Ltd., of Delaware (Mexpet), Pan American Petroleum & Transport Co. (Pan Am), and certain individual officers and directors. The purpose of the suit is to set aside a transfer from Mexpet to Pan Am on the ground of fraud and breach of fiduciary obligations. It may be noted at the outset that this particular transfer is a minor aspect of the complicated reorganization of Pan...

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