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TODD v. RUSSELL

20 F.Supp. 936 (1937)

TODD et al. v. RUSSELL et al.

District Court, S. D. New York.

September 30, 1937.

Attorney(s) appearing for the Case

Mack, Taylor, Spiegelberg & McCauley, of New York City (George A. Spiegelberg and Harry W. Mack, both of New York City, of counsel), for plaintiffs.

Benjamin G. Myron, of New York City, for defendant Samuel A. Pleasants.

Samuel A. Pleasants, of New York City, for all other defendants.

MANDELBAUM, District Judge.

This is an action to collect the statutory liability of the defendants as stockholders as provided by Federal Farm Loan Act, § 16, 12 U.S.C.A. § 812.

The plaintiffs, doing business as J. S. Todd & Co. are the holders of $10,000 principal amount of bonds of the Ohio Joint Stock Land Bank of Cincinnati, Ohio. These bonds were acquired in 1928 after the bank had been placed in receivership. At the time of the failure...

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