ROBINSON v. MALHEUR PUBLISHING CO.

Civ. No. 66-180.

272 F.Supp. 57 (1967)

Larry H. ROBINSON and Florence L. Robinson, Plaintiffs, v. MALHEUR PUBLISHING CO., William E. MacKnight and E. Madeline MacKnight, Defendants.

United States District Court D. Oregon.

January 11, 1967.


Attorney(s) appearing for the Case

Frederic A. Yerke, Jr., King, Miller, Anderson, Nash & Yerke, Portland, Or., and Martin P. Gallagher, Ontario, Or., for plaintiffs.

Roy Kilpatrick, John Day, Or., and Max S. Taggart, Ontario, Or., for defendants.


OPINION

KILKENNY, District Judge:

Plaintiffs, shareholders in Malheur Publishing Co. (Malheur), the publisher of a newspaper in Ontario, Oregon, here challenge, as minority stockholders, the issuance of 10,000 shares of the capital stock of the corporation, on the ground that the consideration was so grossly inadequate as to amount to a fraud.

Malheur is primarily engaged in the publication of a newspaper...

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