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BALCH v. INVESTORS' ROYALTY CO.

No. 947.

7 F.Supp. 420 (1934)

BALCH et al. v. INVESTORS' ROYALTY CO. et al.

District Court, N. D. Oklahoma.

July 5, 1934.

Attorney(s) appearing for the Case

Albert C. Hunt, of Oklahoma City, Okl., and Horace H. Hagan and T. Austin Gavin, both of Tulsa, Okl., for complainants.

Benj. Mossman, of Tulsa, Okl., and J. H. Jarman, W. H. Brown, and Thomas W. Caffey, all of Oklahoma City, Okl., for defendants.

FRANKLIN E. KENNAMER, District Judge.

Complainants, minority stockholders of the defendant Investors' Royalty Company, Inc., a Delaware corporation, base their action upon alleged mismanagement of the corporate affairs by the defendant's officers and directors. The relief sought includes the cancellation of certain stock issued to defendant Fred T. Hildt, an accounting for diverted corporate funds and profits wrongfully realized by the individual defendants in the...

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