ROCKET MINING CORPORATION v. Gill

CROCKETT, Justice:

The plaintiffs, two mining corporations, sued the defendants, former officers of the Rocket Corporation, to recover for alleged violation of fiduciary duties in mismanagement and improper distribution of corporate assets to certain of the defendants. Upon plenary trial the district court found the issues in favor of the defendants and against the plaintiffs, from which they appeal. 1

All of the defendants were connected with the organization of the Rocket Mining Corporation in 1955, or in the management and operation of its affairs thereafter. After its organization, Rocket,…