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FAGAN v. La GLORIA OIL AND GAS COMPANY

No. 774.

494 S.W.2d 624 (1973)

Albert E. FAGAN et al., Appellants, v. La GLORIA OIL AND GAS COMPANY, Appellee.

Court of Civil Appeals of Texas, Houston (14th Dist.).

Rehearing Denied May 16, 1973.

Attorney(s) appearing for the Case

John A. Croom, Robert Levine, Pruitt & Monshaugen, Houston, for appellants.

Donald P. Butler, John B. Holstead, III, Vinson, Elkins, Searls, Connally & Smith, Houston, for appellee.

TUNKS, Chief Justice.

Cooper Petroleum Company (Cooper) is a Texas Corporation that was engaged in the marketing of petroleum products. The majority of its shares are owned by Albert E. Fagan. Its other shares are owned equally by Don Fagan, a son, Gerald Arnold and James Clark, sons-in-law of Albert E. Fagan. Those four individuals constitute all of the officers and directors of Cooper.

International Marketing, Inc. (I.M.I.) was also a Texas Corporation engaged...

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