American Life Ins. Co. v. Powell

This is a derivative suit by two stock-, holders (appellees) of American Life Insurance Company,, a corporation, against the corporation and several individual defendants (appellants) seeking to recover money. from certain of the individual defendants for the benefit of the corporation. Incidental to this overall purpose, the bill seeks other relief, such as receivership for certain defendants, a mandatory injunction and oral examination of other defendants-as a discovery process.

The trial court entered an interlocutory decree making various rulings. Section 7 of -the decree was a ruling on…