Sabre Farms, Inc. v. Jordan

Plaintiff (Sabre) was created in 1973 by three Montana ranchers who envisioned the conversion of eastern Oregon desert land into productive farmland with irrigation from the Columbia River. Sabre’s primary cash crop was potatoes. At the relevant times, H.C. Jordan was chairman of Sabre’s board and its treasurer. Pitsch was controller from April, 1977, to May, 1980, and became assistant secretary in August, 1978. Reid was president from March, 1977, until May, 1980, and Davidson was secretary and corporate counsel. The other defendants are all alleged to have been involved to a greater or…