Morgan v. Jacobs

200 So.2d 443 (1967)

Shelton H. MORGAN

v.

Charles R. JACOBS and Mrs. Patricia Jacobs.

No. 44446.

Supreme Court of Mississippi.

May 22, 1967.

Suggestion of Error Overruled July 10, 1967.

Stennett, Wilkinson & Ward, Jackson, for appellant.

Stratton & Jones, Brookhaven, for appellees.

GILLESPIE, Presiding Justice:

Two competing corporations engaged in the newspaper business merged. The stockholders of the merged corporation agreed not to compete with the corporation while owning stock therein and for a period of five years after ceasing to be stockholders. Two of the stockholders purchased the stock of the…