Prather v. Industrial Investment Corporation

McQUADE, Justice.

When this action was commenced on February 28, 1966, P & R Development Co., of which appellant Wylie A. Prather was president and a large stockholder, had been undergoing involuntary bankruptcy since October 1965, in the federal district court for Idaho. The creditor’s petition initiating the bankruptcy was signed by several respondents who had been P & R directors. Appellant’s original complaint was dismissed for failure to state a claim, and in his amended complaint of March 21, 1966, appellant primarily alleged that respondents had conspired wrongfully and maliciously to…