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PYLE v. WOLF CORPORATION

Civ. Nos. 70-693 to 70-696.

354 F.Supp. 346 (1972)

Stoddard H. PYLE, Plaintiff, v. The WOLF CORPORATION et al., Defendants. Robert W. HILL, Plaintiff, v. The WOLF CORPORATION et al., Defendants. Robert E. STALEY, Plaintiff, v. The WOLF CORPORATION et al., Defendants. Arthur J. LEWIS, Plaintiff, v. The WOLF CORPORATION et al., Defendants.

United States District Court, D. Oregon.

October 22, 1972.

Attorney(s) appearing for the Case

Bruce M. Hall, Kenneth M. Novack, Rives, Bonyhadi & Hall, Portland, Or., for plaintiffs.

Clifford N. Carlsen, Jr., John R. Bakkensen, Miller, Anderson, Nash, Yerke & Wiener, George H. Fraser, Portland, Or., for defendants.

OPINION

SKOPIL, District Judge:

I

INTRODUCTION

This is an action for breach of an executory accord. The plaintiffs are four individuals who among themselves invested $1,000,000 in a venture with defendant Wolf Corporation (hereinafter, "Wolf") whose business is real estate, oil and gas exploration, and related enterprises.

In 1969 a partnership known as "Wolf 69" was formed for the purpose of exploring for oil on land in which...

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