Pioneer Oil & Gas Co. v. Anderson

The appellant, Pioneer Oil & Gas Company, a corporation, exhibited its bill in the chancery court of Rankin county against appellee M. E. Anderson, seeking to have the court, decree to it title to the Burr-Brown oil and gas lease and the Casey-Wellon’s oil and gas lease, purchased by Anderson, in his own name, at a time when he was secretary-treasurer, director, and a member of the executive committee of the appellant company.

The bill charges, in effect, that he fraudulently, and in bad faith, acquired an interest in these leases at a time when he was under duty to secure the leases for the…