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HARMAN v. DIVERSIFIED MEDICAL INVESTMENTS CORP.

No. 74-1551.

524 F.2d 361 (1975)

Ferrin C. HARMAN and Henry Clay, Plaintiffs-Appellants, v. DIVERSIFIED MEDICAL INVESTMENTS CORPORATION, a Colorado Corporation, et al., Defendants-Appellees.

United States Court of Appeals, Tenth Circuit.

Rehearing Denied December 8, 1975.

Attorney(s) appearing for the Case

John B. Ogden, Oklahoma City, Okl., for plaintiffs-appellants.

Dan A. Rogers, Tulsa, Okl., for defendant-appellee John E. Schroyer.

Robert S. Baker, Oklahoma City, Okl., for defendants-appellees Diversified Medical Inv. Corp., Dr. Charles M. Farr, and Dr. Kenneth H. Bagwell.

Robert J. Emery, Oklahoma City, Okl., for defendants-appellees Chromalloy American Corp., Dr. William Friedman, Herbert Zlotnick, and James A. Mullins, a/k/a Jim Mullins.

Before HILL, HOLLOWAY and BARRETT, Circuit Judges.

HILL, Circuit Judge.

Ferrin Harman and Henry Clay (hereinafter referred to collectively as appellants) were the majority stockholders in, and the managing officers of, Perpetual Royalty Corporation (Perpetual), an Oklahoma corporation dealing in oil and gas royalties.1

On or about April 17, 1970, Trail Mines, Inc. (Trail Mines), a Colorado corporation, amended its Articles of Incorporation by changing its corporate name to Diversified...

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