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WAUGH v. HEIDLER

No. 48159.

564 P.2d 218 (1977)

Robert S. WAUGH et al., and Robert A. Beckstrom, Trustee, et al., Appellants, v. Jim HEIDLER et al., Appellees.

Supreme Court of Oklahoma.

As Corrected May 19, 1977.

Rehearing Denied June 1, 1977.

Attorney(s) appearing for the Case

Jones, Givens, Brett, Gotcher, Doyle & Bogan, Inc. by Jack R. Givens, Phillips Breckenridge, Paul Vestal, Tulsa, for appellants.

Sneed, Lang, Trotter & Adams by James C. Lang and Brian S. Gaskill, Doerner, Stuart, Saunders, Daniel & Langenkamp by G. Michael Lewis and Sam G. Bratton, II, Hall, Estill, Hardwick, Gable, Collingsworth & Nelson by Fred S. Nelson, Ungerman, Grabel & Ungerman by Irvine E. Ungerman and Hawley C. Kerr, Rucker, Tabor, McBride & Hopkins by Paul P. McBride and William D. Hunt, Rizley, Prichard, Ford, Norman & Reed by Robert S. Rizley, Tulsa, for appellees.

Alvin L. Thomas and Frank E. Marley, Jr., Oklahoma City, Oklahoma Dept. of Securities and for Oklahoma Securities Commission, Bruce W. Day, Administrator, amicus curiae.

HODGES, Chief Justice.

This is an appeal from the sustaining of a motion for judgment on the pleadings. On May 25, 1972, approximately forty individuals (appellants) brought suit against eleven former directors and officers of the Heidler Corporation (appellees), alleging that appellees controlled directly or indirectly all the acts of the Heidler Corporation and Carousel Capital Co., Inc., and its servants, agents and employees...

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