Hi-Pro Fish Products, Inc. v. McClure

YOUNG, District Judge.

This is a diversity action brought by nine of the eighty-six creditors of Commodities, Inc. (hereinafter referred to as Commodities), a bankrupt corporation, against the principal offieer-director-stoekholder, Robert Y. McClure. In the complaint, plaintiffs alleged that Commodities became indebted to them and that the ensuing insolvency and inability of the corporation to pay its obligations to them was “caused and brought about by the negligence and mismanagement of its managing officer,” the defendant. Plaintiffs further alleged that the “wrongful, unlawful, negligent…