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JOHNSON v. MANSFIELD HARDWOOD LUMBER COMPANY

Civ. A. No. 5562.

143 F.Supp. 826 (1956)

Hattie A. JOHNSON et al. v. MANSFIELD HARDWOOD LUMBER COMPANY.

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

August 10, 1956.

Attorney(s) appearing for the Case

John M. Madison, Vernon W. Woods, Wilkinson, Lewis, Wilkinson & Madison, Shreveport, La., Ned A. Stewart, Texarkana, Ark., J. W. Patton, Jr., Lewisville, Ark., for plaintiffs.

Sidney M. Cook, Charles D. Egan, Frank M. Cook, Cook, Clark, Egan, Yancey & King, Shreveport, La., for defendant.

BENJAMIN C. DAWKINS, Jr., Chief Judge.

A program of corporate purchase of minority stock, as treasury shares, has reaped a whirlwind of bitterness, resulting in this three-pronged action.

Brought here under the Diversity Statute1 by eight plaintiffs, and addressed to our equitable powers, the suit is for a preliminary injunction, for rescission of certain stock sales made by plaintiffs to defendant in 1953, and for an accounting...

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