Vipont Mining Co. v. Uranium Research & Development Co.

Vipont Mining Company sued The Rim Group, a mining joint venture, its trustee, E. S. Noxton, Uranium Research and Development Company, and Western Uranium Corporation, alleging the creation of The Rim Group; Vipont’s purchase of a member’s (Wade’s) 40 percent interest in twenty-six of the claims in the belief that Wade had an unrestricted right to sell his interest; The Rim Group’s subsequent refusal to recognize Vipont as a bona fide purchaser of Wade’s interest; The Rim Group’s later receipt of certain moneys by virtue of leases made by it to the other defendants; and its failure and…