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MANSFIELD HARDWOOD LUMBER COMPANY v. JOHNSON

No. 16344.

242 F.2d 45 (1957)

MANSFIELD HARDWOOD LUMBER COMPANY, Appellant, v. Hattie A. JOHNSON et al., Appellees.

United States Court of Appeals Fifth Circuit.

March 1, 1957.

Attorney(s) appearing for the Case

Sidney M. Cook, Charles D. Egan, Benjamin C. King, Frank M. Cook, Shreveport, La., for appellant.

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

Before HUTCHESON, Chief Judge, and CAMERON and JONES, Circuit Judges.

HUTCHESON, Chief Judge.

Filed on the 21st day of June, 1956, by appellees as former stockholders of the defendant, a corporation in liquidation, the suit was for the rescission of the sales to it by them of their shares aggregating 1156, and for an accounting.

Put forward in a lengthy complaint, the claim in brief was: that the company, through its president and vicepresident, had fraudulently conceived and as fraudulently executed a scheme by and through...

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