HUBBARD v. CAPITAL SOUTHWEST CORPORATION

No. 4839.

448 S.W.2d 571 (1969)

Sam B. HUBBARD et al., Appellants, v. CAPITAL SOUTHWEST CORPORATION et al., Appellees.

Court of Civil Appeals of Texas, Waco.

December 4, 1969.


Attorney(s) appearing for the Case

James Clement, Irving, for appellants.

Akin, Vial, Hamilton, Koch & Tubb, James Tubb and Geo. Bramblett, Jr., Dallas, for appellees.


OPINION

WILSON, Justice.

In this stockholders derivative action appellants alleged they own stock and bonds of Great American Realty Corporation. They asserted this corporation became the alter ego of appellee Capital Southwest Corporation because it was not maintained as a separate financial unit, was not adequately financed, the business of the two corporations was not kept separate, Capital owned a majority of the stock of Great American, and defendants...

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