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SMOOT v. HYDRO FLAME CORPORATION

Nos. 13427, 13435.

522 P.2d 709 (1974)

Nettie P. SMOOT, Executrix of the Estate of I.A. Smoot, Deceased, Plaintiff and Appellant, v. HYDRO FLAME CORPORATION and Utah State Securities Commission, Defendants and Respondents. R. Earl DILLMAN, Plaintiff and Appellant, v. HYDRO FLAME CORPORATION and Utah State Securities Commission, Defendants and Respondents.

Supreme Court of Utah.

May 14, 1974.

Attorney(s) appearing for the Case

A. Park Smoot, Murray, for Smoot.

Brant H. Wall, Salt Lake City, for Dillman.

Macoy A. McMurray, Salt Lake City, for respondent.

HENRIOD, Justice:

Appeal from a summary judgment of no cause of action in two consolidated actions by stockholders for dividends and accounting allegedly arising out of failure by Hydro to protect the formers' rights after a merger or purchase by the latter of a previously incorporated firm in which plaintiffs were interested as stockholders. Affirmed with costs to Hydro.

In 1951, General Investment Company was born. Decedent Smoot, whose executrix is plaintiff...

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