Continental Oil Co. v. Henderson

BROWN, Justice.

Continental Oil Company owns a majority of the shares of capital stock of Texon Oil and Land Company, and the last named coiporation owns a majority of the shares of capital stock of Group No. I Oil Corporation.

The three corporations were chartered by the State of Delaware.

W. H. Henderson and six other owners of shares of capital stock in the “Texon” corporation, and A. J." Gross, who owns one share of the capital stock of “Group No. I” corporation, brought a class suit, naming the three above mentioned corporations as defendants, and alleged the facts above set forth relating…