Ford v. Bimbo Corporation

COULSON, Justice.

This is a class action suit.

Appellant Dee Ford, individually, and on behalf of al the other shareholders of the Bimbo Corporation, sued the Bimbo Corporation, John Lloyd Keeton, William M. Hancock, and the Reagan Commerce Bank, appellees, on behalf of the Bimbo Corporation for wrongful transfer of funds in the amount of $25,000 from Bimbo’s corporate account. Keeton was a director of Bimbo, and Hancock was an employee of Reagan Commerce Bank. Service was had on Keeton and Bimbo by serving the Secretary of State, and neither appeared, but no default judgments were taken as to…