SCHOEN v. MOUNTAIN PRODUCERS CORPORATION

No. 9651.

170 F.2d 707 (1948)

SCHOEN v. MOUNTAIN PRODUCERS CORPORATION et al.

United States Court of Appeals Third Circuit.

Decided November 9, 1948.

Rehearing Denied December 10, 1948.


Attorney(s) appearing for the Case

Herbert L. Cobin, of Wilmington, Del., and Louis B. Arnold, of Washington, D. C. (Roberts & McInnis, of Washington D. C., and Edgar J. Schoen, of Chicago, Ill., on the brief), for appellant.

William S. Potter and James L. Latchum, both of Wilmington, Del. (John J. Morris, Jr., and Howard L. Williams, both of Wilmington, Del., on the brief), for Johnson, Murphy, Herndon and Argo Oil Corporation.

A. Leslie Hodson, of Chicago, Ill., and Morris, Steel, Nichols & Arsht, of Wilmington, Del. (Hugh M. Morris and S. Samuel Arsht, both of Wilmington, Del., Donald Campbell, of Tulsa, Okl., and Weymouth Kirkland and James S. Kemper, Jr., both of Chicago, Ill., on the brief), for defendant Stanolind Oil & Gas Co.

Before MARIS, McLAUGHLIN and O'CONNELL, Circuit Judges.


MARIS, Circuit Judge.

On May 26, 1947 the plaintiff, Edgar J. Schoen, who is a stockholder in Mountain Producers Corporation and a citizen of Illinois, brought this stockholder's derivative suit on behalf of Mountain Producers Corporation in the United States District Court for the District of Delaware. The suit was brought against Standard Oil Company (Indiana), an Indiana corporation, Stanolind Oil and Gas Company, a Delaware corporation, Saltmount Oil Company,...

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