Chunchula Energy Corp. v. Ciba-Geigy Corp.

Although the underlying suit involves contracts for supplying natural gas, these appeals and this petition for writ of mandamus concern only preliminary injunctions ordering a counterclaim defendant, Chunchula Energy Corporation, to deposit $904,000.00 in escrow with the circuit clerk pending resolution of the claims. There was evidence that Chunchula distributed dividends of $1,612,169.25 to its sole stockholders, Dr. and Mrs. Gerald L. Wallace, after this controversy arose, thereby disposing of nearly all of its assets except for disputed claims arising out of the contracts at issue in this…