The plaintiffs, two mining corporations, sued the defendants, former officers of the Rocket Corporation, to recover for alleged violation of fiduciary duties in mismanagement and improper distribution of corporate assets to certain of the defendants. Upon plenary trial the district court found the issues in favor of the defendants and against the plaintiffs, from which they appeal.
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ROCKET MINING CORPORATION v. GILL
No. 12174.
483 P.2d 897 (1971)
25 Utah 2d 434
ROCKET MINING CORPORATION, a Utah corporation, and Pioneer Carissa Gold Mines, Inc., a Wyoming corporation, Plaintiffs and Appellants, v. Rulan J. GILL, Lenore M. Gill, Ray Gill, Angelo M. Billis, Herman F. Lund, and T.W. Billis, Defendants and Respondents.
Supreme Court of Utah.https://leagle.com/images/logo.png
April 8, 1971.
April 8, 1971.
Attorney(s) appearing for the Case
Walter P. Faber, Jr., Salt Lake City, for plaintiffs-appellants.
Pugsley, Hayes, Watkiss, Campbell & Cowley, David K. Watkiss, and Glen E. Davies, Salt Lake City, for defendants-respondents.
Supreme Court of Utah.
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