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HI-PRO FISH PRODUCTS, INC. v. McCLURE

No. 17628.

346 F.2d 497 (1965)

HI-PRO FISH PRODUCTS, INC., Appellant, v. Robert Y. McCLURE, Appellee.

United States Court of Appeals Eighth Circuit.

On Rehearing June 15, 1965.

Rehearing Denied July 15, 1965.

Attorney(s) appearing for the Case

Robert J. White, of White & Young, Russellville, Ark., for appellant.

W. Dane Clay, of Rose, Meek, House, Barron, Nash & Williamson, Little Rock, Ark., Herbert C. Rule, III, Little Rock, Ark., for appellee.

Before MATTHES and RIDGE, Circuit Judges, and HANSON, District Judge.

HANSON, District Judge.

The plaintiffs in this action are creditors of the bankrupt corporation, Commodities, Inc. The defendant-appellee was the sole stockholder of Commodities, Inc., prior to its bankruptcy. The action was brought for fraud and negligence.1

The trial court found "overwhelming proof of the defendant's negligence and mismanagement of Commodities, Inc., which ultimately resulted in the insolvency of the corporation...

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