Kennedy v. Hyde

OPINION

ASHWORTH, Justice.

Appellant, Dr. Forrest L. Kennedy, appeals from a judgment which enforces an oral agreement in settlement of pending litigation.

Judgment affirmed.

This suit grows out of a transaction in which Herman J. Smith sold capital stock in the Mansfield State Bank to the plaintiffs, Hyde, Cook, Johnson, and Day, and the six defendants, Ragland, Palm, Kennedy, S.K. Pressley, Gardner, and C.E. Pressley. The four plaintiffs filed suit against the six defendants to recover interest allegedly paid by them for the defendants’ benefit on indebtedness owing to Smith. A counterclaim was…