Pratt v. Ballman-Cummings Furniture Co.

Elsijane T. Roy, Justice.

We have before us the second chapter of this litigation. Appellants as minority stockholders of Ballman-Cummings sued that corporation and Fort Smith Chair Company, seeking to enjoin a proposed partnership between the two corporations or, alternatively, seeking appraisal and payment of the fair value of their stock pursuant to the provisions of Ark. Stat. Ann. § 64-707 (Repl. 1966). After a hearing on the issue of appraisal only, the trial court held there was “insufficient evidence to establish a cause of action.”

On appeal to this Court from the dismissal of the…