McDANIEL v. PAINTER

No. 241-69.

418 F.2d 545 (1969)

Ned McDANIEL, Mary E. McDaniel and Robert A. Collier, Appellants, v. R. D. PAINTER, Dale Painter and Rhodes Danehower, Appellees.

United States Court of Appeals Tenth Circuit.

December 1, 1969.


Attorney(s) appearing for the Case

Thomas A. Wood, Wichita, Kan., for appellants.

Thomas D. Kitch and Paul R. Kitch, Wichita, Kan. (Gerritt H. Wormhoudt, Wichita, Kan., on the brief), for appellees R. D. Painter and Dale Painter.

Benjamin C. Langel, Wichita, Kan. (Robert C. Foulston, Wichita, Kan., on the brief), for appellee Rhodes Danehower.

Before MURRAH, Chief Judge, and LEWIS and HILL, Circuit Judges.


HILL, Circuit Judge.

This diversity suit was brought by three minority stockholders against the vendors and vendee of a majority block of stock in The First National Bank of Chanute, Kansas, seeking redress for alleged breaches of fiduciary duties which they contend have resulted in diminution of minority stock valuation. Following interparty depositions, argument on a motion for summary judgment was made to the court and...

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