J. P. C. Petroleum Corp. v. Vulcan Steel Tank Corp.

BRATTON, Circuit Judge.

J. P. C. Petroleum Corporation, hereinafter called plaintiff, sued Vulcan Steel Corporation, a corporation -engaged at Tulsa, Oklahoma, in the business of manufacturing tankage and refinery equipment, hereinafter called defendant. These facts constituted the background of the litigation. J. Dudley Clark, an investment banker and broker, purchased from J. Edward Jones, a dealer in oil and gas leases and royalties, an interest in certain oil and gas leases in the Rodessa Field in Louisiana. Jones retained an interest in the properties, and Tom Potter, a driller and…