Legal Opinion

Walden v. Elrod

District Court, W.D. Oklahoma

Decided January 12, 1976No. Civ. Nos. 74-305-D to 74-307-DPublishedCited by 23 opinions

1Opinion of the Court

ORDER

DAUGHERTY, Chief Judge.

The three consolidated cases above captioned are stockholder’s derivative actions involving two corporations T.E.L. Oil and Gas Corporation (T.E.L.); and Guymon Crestview, Inc. (Crestview). Plaintiff as a minority stockholder in each corporation alleges in each case that corporate assets were disposed of improperly by the corporations due to acts of the individual Defendants. Two of the cases relate to disposal of assets of T.E.L. and the third relates to disposal of Crestview property. The cases were filed March 22, 1974. They came on for trial before the Court on…

2Cases cited45 opinions

  1. McNutt v. General Motors Acceptance Corp.Supreme Court of the United States · 1936
  2. Gibbs v. BuckSupreme Court of the United States · 1939
  3. Hawes v. OaklandSupreme Court of the United States · 1882
  4. Thomson v. GaskillSupreme Court of the United States · 1942
  5. Smith v. SperlingSupreme Court of the United States · 1957

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3Cited by23 opinions

  1. Doe v. RostkerDistrict Court, N.D. California · 1981
  2. Allison Ex Rel. General Motors Corp. v. General Motors Corp.District Court, D. Delaware · 1985
  3. Fujimoto v. AuHawaii Supreme Court · 2001
  4. Warren v. Century Bankcorporation, Inc.Supreme Court of Oklahoma · 1987
  5. In Re Longhorn Securities LitigationDistrict Court, W.D. Oklahoma · 1983

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