Petroleum Refining Company v. McGlothlin

GRISSOM, Chief Justice.

Petroleum Refining Company et al. sued Ray McGlothlin, Sr., and others for $30,-982.13 which they alleged belonged to Petroleum Refining Company but had been, by a mutual employee, improperly transferred, about five years previously, to Petroleum Products Company, a corporation of which defendants were officers, directors or stockholders, and that, upon dissolution of Products Company, defendants received the benefit thereof.

On December 6, 1967, the defendants filed a motion to dismiss the case for want of prosecution. They alleged the suit was filed in February, 1964,…