Mattson v. Birkett

FINNEGAN, Circuit Judge.

Plaintiffs appeal from an order of the District Court, which dismissed for want of jurisdiction their complaint to enjoin an action brought by the defendants in the Circuit Court of Will County, Illinois. The state action charged acts of waste, mismanagement of corporate affairs, and fraudulent conduct of the officers and directors and voting .trustees of the James G. Heggie Manufacturing Company, an Illinois corporation.

It appears that on July 13, 1934, James G. Heggie and Sons, an Illinois corporation, instituted reorganization proceedings under Sections 77A and 77B…