Crummies Creek Coal Co. v. Carrs Fork Coal Co.

DENISON, Circuit Judge.

The Wallins Creek Coal Company was a jobber of coal, buying its coal from, among others, the Crummies Creek Coal Company, plaintiff below and appellant here, and the Carrs Fork Coal Company, one of the defendants and appellees. The Carrs Fork and the Wallins Creek were distinct corporations, but they had common directors who, in fact, dominated and controlled each company. Among the liquid assets of the Wallins Creek Company was the stock of the Kentucky Jewel Company. The Carrs Fork Company pressed for security for its indebtedness, existing and in the future, and, at…