Caldwell v. Kingsbery

PHILLIPS, Chief Justice.

The appellees, E. G. Kingsbery, Glenn M. Tooke, Jr. and T & K Corporation, brought suit in the court below, as a stockholders’ bill for the benefit of the appellee, C. T. K. Corporation, which is alleged to have been in jeopardy by reason of the misconduct of the appellant, Earl L. Caldwell, Jr. The appellees sought a temporary restraining order, temporary injunction, and a permanent injunction, damages and declaratory judgment against the appellant, Earl L. Caldwell, Jr., a director, president and general manager of the C. T. K. Corporation.

The appellees claim that…