Mead v. Meeker

Meyer, J.;

In this interlocutory appeal, appellants are the officers and directors of the now defunct corporation, Dighton Grain, Inc. Appellees are Lane County, Kansas, farmers, who in the course of their business had grain dealings with Dighton Grain, Inc.

In early 1974, an audit of the corporation disclosed that the director-vice president, Walter Gormley, had wrongfully converted to his use in excess of $80,000 without the knowledge and consent of the other officers and directors of the corporation.

As a result of the audit disclosing Mr. Gormley’s misappropriation of funds, the auditing…