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MANSFIELD HARDWOOD LUMBER COMPANY v. JOHNSON

No. 17299.

268 F.2d 317 (1959)

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

United States Court of Appeals Fifth Circuit.

June 16, 1959.

Attorney(s) appearing for the Case

Charles D. Egan, Benjamin C. King, Sidney M. Cook, 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 RIVES, TUTTLE and BROWN, Circuit Judges.

PER CURIAM.

Interpreting the opinion as being based on a breach of fiduciary relationship owed by appellant's officers and directors and majority stockholders to the appellees as minority stockholders, appellant insists that such a decision must fail in law because: (1) the existence vel non of such a fiduciary relationship must be determined by the laws of the state of incorporation, viz., Delaware, which imposes no such fiduciary relationship; (2) the Civil Law...

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