Mixon v. Barton Lumber & Brick Co.

MiNor W. Millwee, Associate Justice.

The question presented is whether a judgment rendered in a prior action in federal court was res judicata in appellant’s instant suit in the Craighead Chancery Court for dissolution of a corporation and distribution of its assets.

The Barton Lumber & Brick Company of Jonesboro, Arkansas, was organized for the purpose of conducting a lumber and brick business. P. C. Barton was organizer and principal stockholder of the corporation which eventually acquired valuable farm lands and other properties now valued at approximately $500,000. Prior to Ms death, in…