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EVANS PRODUCTION CORPORATION v. SHAW

No. 17931.

276 F.2d 313 (1960)

EVANS PRODUCTION CORPORATION, Appellant, v. Don J. SHAW, Appellee. Don J. SHAW, Cross-Appellant, v. EVANS PRODUCTION CORPORATION, Cross-Appellee.

United States Court of Appeals Fifth Circuit.

March 30, 1960.

Attorney(s) appearing for the Case

R. G. Storey, Hubert D. Johnson, Dallas, Tex., Mahlon E. Lewis, Pittsburgh, Pa. (Carrington, Johnson & Stephens, Storey, Armstrong & Steger and Robert M. Martin, Jr., Dallas, Tex., of counsel), for appellant.

Frank J. Scurlock, Dallas, Tex. (James W. Leftwich, Turner, Rodgers, Winn, Scurlock & Terry, Dallas, Tex., of counsel), for appellee.

Before RIVES, Chief Judge, and JONES and BROWN, Circuit Judges.

RIVES, Chief Judge.

This action was commenced by Don J. Shaw against the Evans Production Company and was based upon a letter agreement between the parties dated May 28, 1953. The agreement in question, which is set out in full in the margin,1 provided for the purchase by Shaw of 483 shares of common stock in Evans with the right to re-sell this stock to Evans at a subsequent date.

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