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McCANDLESS v. FURLAUD

No. 26.

296 U.S. 140 (1935)

56 S.Ct. 41

80 L.Ed. 121

McCANDLESS, RECEIVER, v. FURLAUD ET AL.

Supreme Court of United States.

Decided November 11, 1935.

Attorney(s) appearing for the Case

Mr. Ralph Royall for petitioner.

Mr. Louis B. Eppstein, with whom Messrs. Ira W. Hirshfield and Louis J. Altkrug were on the brief, for respondents.

MR. JUSTICE CARDOZO delivered the opinion of the Court.

The suit is by a receiver of an insolvent corporation to compel its promoters and their confederates to restore illicit gains.

At the time of the challenged acts Maxime H. Furlaud was the president and principal shareholder of Furlaud & Company, Inc., a corporation now dissolved. For convenience the name Furlaud, unless qualified, will be used to designate...

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