Ned McDaniel Mary E. McDaniel and Robert A. Collier v. R. D. Painter, Dale Painter and Rhodes Danehower

HILL, Circuit Judge.

This diversity suit was brought by three minority stockholders against the vendors and vendee of a majority block of stock in The First National Bank of Chanute, Kansas, seeking redress for alleged breaches of fiduciary duties which they contend have resulted in diminution of minority stock valuation. Following interparty depositions, argument on a motion for summary judgment was made to the court and granted in defendants’ favor. Appellants now contend that the limited discovery suggests breaches of a fiduciary duty and request that the order be vacated and the case…