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MEYER v. CONFAB CORPORATION

No. 5-3614.

393 S.W.2d 253 (1965)

Robert M. MEYER, Appellant, v. CONFAB CORPORATION et al., Appellees.

Supreme Court of Arkansas.

Rehearing Denied September 20, 1965.

Attorney(s) appearing for the Case

Wright, Lindsey, Jennings, Lester & Shults, Little Rock, for appellant.

John T. Haskins and Neill Bohlinger, Little Rock, for appellees.

GEORGE ROSE SMITH, Justice.

In December of 1962 the appellant, Robert M. Meyer, and one of the two appellees, Joseph A. Pascale, executed a written contract by which they became business associates. Pursuant to the contract Meyer invested $38,000 in common stock and debentures issued by the other appellee, Confab Corporation, which was one of several allied companies controlled by Pascale. As of April 1, 1964, the business relationhip between Meyer and Pascale came...

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