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FOX v. WOODS

78-717.

382 So.2d 1118 (1980)

Kenneth FOX et al. v. Marie E. WOODS, Executrix.

Supreme Court of Alabama.

May 2, 1980.

Attorney(s) appearing for the Case

W. Howard Donovan, III, and E. Ray Large, of Large & Donovan, Birmingham, for appellants.

Marshall Timberlake of Balch, Bingham, Baker, Hawthorne, Williams & Ward, Birmingham, for appellee.

SHORES, Justice.

This case involves more than ten years of litigation in four separate court systems in two states. Appellants, a group of Detroit investors, originally filed suit against Ernest H. and J. D. Woods in the United States District Court for the Eastern District of Michigan. That suit generally alleged violations of federal securities laws on the part of the defendants in the formation and operation of a company...

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