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KING v. MORTIMER

Docket Nos. S.F. 18331, 18332.

37 Cal.2d 430 (1951)

233 P.2d 4

WESLEY KING, Appellant, v. FRANK C. MORTIMER, as Building and Loan Commissioner, etc., et al., Respondents.

Supreme Court of California. In Bank.

June 28, 1951.

Attorney(s) appearing for the Case

Morse Erskine, Alden Ames, Erskine, Erskine, Erskine & Tulley and Erskine, Pillsbury & Tulley, for Appellant.

Sullivan, Roche, Johnson & Farraher and James Farraher for Respondents.

SHENK, J.

The plaintiff sued as the assignee of 250 former investment certificate holders of Pacific States Savings and Loan Company to set aside the sales of their certificates and for reinstatement as certificate holders, or for damages. The action is based on alleged illegal acts and fraud of the defendant corporation. The Building and Loan Commissioner of the state was joined as a defendant. A judgment was entered on an order sustaining the defendants' demurrer...

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