Wright v. Praetorians

McCORD, Circuit Judge.

Harper Wright and others, citizens of Oklahoma, brought suit against The Prae-torians, a fraternal benefit society, its officers and designated directors. The plaintiffs are each members and policyholders of the society which they sue. The sworn petition alleges that as a result of the fraud and mismanagement of those in charge of the Society its policyholders suffered a loss and damage in excess of $1,000,000. The appointment of a receiver and injunctive relief is sought.

The Praetorians is a fraternal benefit society, incorporated under the laws of Texas. It was…