Alonzo J. Kling and Rene L. Martin v. Dr. Roland Waguespack, M. D. And Mrs. Carol Waguespack, Wife of Dr. Roland Waguespack

Appellants, Alonzo J. Kling and Rene L. Martin, former officers, directors and majority shareholders of Gulf Caribbean Enterprises, Inc., now discharged in bankruptcy, brought this action in admiralty against the state court appointed liquidator of the corporation, Carol Waguespack and her husband Dr. Roland Waguespack, M.D. Subsequent to her appointment as liquidator of the corporation, presumably acting pursuant to a state court order, Mrs. Waguespack initiated some character of a bankruptcy proceeding. Appellants claim that Mrs. Waguespack breached the fiduciary duty with which she was…