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RAINES v. TONEY

No. 5-1335.

313 S.W.2d 802 (1958)

Sam P. RAINES et al., Appellants, v. Mary R. TONEY et al., Appellees.

Supreme Court of Arkansas.

Rehearing Denied July 1, 1958.

Attorney(s) appearing for the Case

McMillen, Teague & Coates, Robert S. Lindsey and Edward L. Wright, Little Rock, for appellants.

Gannaway & Gannaway, Wood & Smith and Patten & Brown, Little Rock, for appellees.

E. J. BALL, Special Justice.

This appeal involves a derivative action brought by certain shareholders of E. E. Raines Company seeking to recover damages for injuries sustained by the corporation against Appellants Sam P. Raines, James M. Coates, Sr., James M. Coates, Jr., and Gordon Y. Price; Commercial Union Assurance Co., Ltd., Commercial Union Fire Insurance Company of New York, The Palatine Insurance Co., Ltd. and Union Assurance Society, Ltd., herein referred...

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