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INTERNATIONAL BANKERS LIFE INS. CO. v. HOLLOWAY

No. A-8917.

368 S.W.2d 567 (1963)

INTERNATIONAL BANKERS LIFE INSURANCE COMPANY, Petitioner, v. Sterling C. HOLLOWAY and D. D. Beasley, Respondents.

Supreme Court of Texas.

Rehearing Denied June 26, 1963.

Attorney(s) appearing for the Case

H. Joe Loe, McGown, Godfrey, Logan & Decker, John W. McMackin, John B. McClane, Winfred Hooper, Jr., and Warren W. Shipman, III, with above firm, Fort Worth, for petitioner.

Cantey, Hanger, Johnson, Scarborough & Gooch, Sloan B. Blair, with above firm, Fort Worth, R. R. Holloway, Brownwood, Black & Stayton, Austin, for respondents.

STEAKLEY, Justice.

International Bankers Life Insurance Company, an insurance corporation, plaintiff below and so referred to in this opinion, brought suit against Sterling C. Holloway, D. D. Beasley and J. W. Walden, defendants below and so referred to. Plaintiff's suit charged defendants with conspiracy, breach of fiduciary duties as officers and directors of plaintiff, mismanagement and misappropriation of corporate funds belonging to plaintiff, and the usurpation...

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