True's Oil Co. v. Keeney

Respondent, True’s Oil Company, brought this suit as a class action on behalf of itself and other creditors similarly situated, seeking to recover debts claimed due from the officers and directors of East Side Mint Distillers, Inc., a bankrupt corporation, hereafter re ferred to as East Side. Defendants R. E. Keeney and his wife, Mary, were both directors and served, respectively, as president and secretary-treasurer of East Side from its formation in December, 1960, until their resignation from all positions in the corporation in October, 1961. Defendant-appellant, Clarence Davis 1 was, at…