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MURPHY v. ROYAL AMERICAN INDUSTRIES, INC.

No. 178.

188 So.2d 884 (1966)

Dolores K. MURPHY, John E. Murphy, Harold L. Lane and C.C. Callaway As Co-Executors under the Last Will and Testament of M.E. Murphy, et al., Appellants, v. ROYAL AMERICAN INDUSTRIES, INC. and John D. MacArthur, Appellees.

District Court of Appeal of Florida. Fourth District.

Rehearing Denied August 24, 1966.

Attorney(s) appearing for the Case

R. Bruce Jones, of Jones, Adams, Paine & Foster and H.L. Cooper, Jr., of O'Connell & Cooper, West Palm Beach, Samuel O. O'Bryan, Jr., of English McCaughan & O'Bryan, Fort Lauderdale, and Phillip Goldman, of Scott, McCarthy, Preston & Steel, Miami, for appellants.

C. Robert Burns, of Burns, Middleton, Rogers & Farrell, Palm Beach, for appellees.

ANDREWS, Acting Chief Judge.

This is an appeal by the plaintiffs, Dolores K. Murphy et al., from a final decree in favor of defendants, Royal American Industries, Inc., and John D. MacArthur.

Plaintiffs were the controlling stockholders of the Fort Pierce Port & Terminal Co. John D. MacArthur was President of Royal American Industries. On August 1, 1962, Royal American, MacArthur, Terminal Co. and plaintiffs entered into a written agreement under which...

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