Star Corporation v. General Screw Products Co.

COLEMAN, Chief Justice.

This is a suit brought by E. G. Ricketts as the sole stockholder of Star Corporation, a defunct corporation, to recover funds paid by Star Corporation for the benefit of G. S. P. Corporation, a wholly owned subsidiary of Star Corporation. The name of G. S. P. Corporation has been changed to General Screw Products Company. The case was tried to a jury and resulted in a take nothing judgment.

A company founded by W. A. Kenyon as a sole proprietorship was later incorporated under the name General Screw Products Company. In 1965 the business was conducted from a plant…