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HOME TELEPHONE COMPANY v. DARLEY

No. DC 71-68.

355 F.Supp. 992 (1973)

HOME TELEPHONE COMPANY, Plaintiff, v. Lon DARLEY and Rex Darley, Defendants.

United States District Court, N. D. Mississippi, Delta Division.

February 28, 1973.

Attorney(s) appearing for the Case

Robert H. Weaver, Jackson, Miss., for plaintiff.

Ross L. Franks, Hernando, Miss., for defendants.

MEMORANDUM OPINION

KEADY, Chief Judge.

Invoking diversity jurisdiction, Home Telephone Company (Home), a Mississippi corporation, sues Lon Darley and Rex Darley (Darleys), Tennessee citizens, for alleged breach of fiduciary duties as former officers, directors and controlling stockholders of Home. The complaint charges that the Darleys caused Home to breach a merger agreement it had made with a major independent telephone system, Mid-Continent Telephone...

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