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SALEM TRUST CO. v. FEDERAL NAT. BANK

No. 3830.

11 F.Supp. 105 (1934)

SALEM TRUST CO. v. FEDERAL NAT. BANK et al.

District Court, D. Massachusetts.

May 21, 1934.

Attorney(s) appearing for the Case

Pillsbury, Dana, Young & Moulton, Burnham, Bingham, Pillsbury, Dana & Gould, and Neil Leonard, all of Boston, Mass., for plaintiff.

Henry Parkman, Jr., John C. Coughlin, Parkman, Coughlin & Hannan, and Phipps, Durgin & Cook, all of Boston, Mass., for defendant Federal Nat. Co.

BREWSTER, District Judge.

This bill in equity is brought by the Salem Trust Company, now in possession of the commissioner of banks of the commonwealth of Massachusetts, to set aside a transfer of certain notes, mortgages, and other securities given as collateral to secure a note of $90,000 made by the Salem Trust Company, payable to the Federal National Bank, and to recover possession of such securities and to establish a trust in the proceeds derived from such collateral...

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