Show SUIT BEGUN FOR RECEIVERSHIP OF CLIFT COMPANY 5 A suit seeking appointment of a receiver for the Clift CHit Investment company was on file me Wednesday in Third district court naming W. W J J J. Halloran president Ruel G Halloran Halloran Hallo Hallo- ran vice ice president Fred G. G Breining vice Ice president and Ralph R B B. Wright vice president and r. r as de deLen de- de Len The suit was as filed mer by Charles WStewart W W. Stewart Josephine M. M Sullivan and George Sullivan minority stockholders ers of the CUt company They assert that the defendants as directors of oi the investment company compan are nrc mann i. i affairs of the company without prop proper r regard for the interests inter ests of the minority stockholders Specific include the Jie statement that directors failed to distribute distrIbute dis dis- tribute among sto stockholders the en entire entire entire en- en tire proceeds of accruing from the sale of company pro property to the federal government as a site ICor for the new Only of the pro is were distributed itis Itis it itis is alleged The r i s ask that the defendants defend defend- ants ints be required to answer the salt in equity and If It the court finds sufficient sufficient sufficient suf suf- grounds that a receiver be named |