MORGAN v. JACOBS

No. 44446.

200 So.2d 443 (1967)

Shelton H. MORGAN v. Charles R. JACOBS and Mrs. Patricia Jacobs.

Supreme Court of Mississippi.

Suggestion of Error Overruled July 10, 1967.


Attorney(s) appearing for the Case

Stennett, Wilkinson & Ward, Jackson, for appellant.

Stratton & Jones, Brookhaven, for appellees.


GILLESPIE, Presiding Justice:

Two competing corporations engaged in the newspaper business merged. The stockholders of the merged corporation agreed not to compete with the corporation while owning stock therein and for a period of five years after ceasing to be stockholders. Two of the stockholders purchased the stock of the other stockholders, and shortly thereafter, the stockholders who had sold their stock organized a business which competed with the corporation...

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