LANGHAM, LANGSTON & BURNETT v. BLANCHARD

No. 16498.

246 F.2d 529 (1957)

LANGHAM, LANGSTON & BURNETT, Appellant, v. Thomas B. BLANCHARD, Trustee of the Estate of Lone Star Sulphur Corporation, Bankrupt, Appellee.

United States Court of Appeals Fifth Circuit.

Rehearing Denied August 15, 1957.


Attorney(s) appearing for the Case

St. John Garwood, Jr., Houston, Tex., Fulbright, Crooker, Freeman, Bates & Jaworski, Houston, Tex., for appellant.

Thomas B. Blanchard, Houston, Tex., for appellee.

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


JONES, Circuit Judge.

Lone Star Sulphur Corporation was organized to exploit a supposed sulphur deposit on land leased to it. Wells had been drilled. No sulphur in paying quantities had been produced. The company had ceased operation. It was without funds and without credit. Efforts of management of the corporation to raise additional money to continue the efforts to produce sulphur had been unsuccessful. Such was the plight of the company on December 20, 1954. On...

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