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DODSON v. THOMPSON

No. 9249.

58 F.2d 38 (1932)

DODSON v. THOMPSON, Superintendent of Insurance of Missouri, et al.

Circuit Court of Appeals, Eighth Circuit.

April 13, 1932.

Attorney(s) appearing for the Case

George C. Mackay, of St. Louis, Mo. (Royal L. Coburn, of St. Louis, Mo., and Herbert A. Huff, Thomas D. Huff, and Chauncey M. Millar, all of Chicago, Ill., on the brief), for appellant.

William L. Mason, of St. Louis, Mo. (James A. Potter, of Jefferson City, Harry S. Rooks, of St. Louis, Mo., Otto & Potter, of Jefferson City, Mo., and Foristel, Mudd, Blair & Habenicht and Mason, Goodman & Flynn, all of St. Louis, Mo., on the brief), for appellees.

Before STONE, and KENYON, Circuit Judges, and CANT, District Judge.

STONE, Circuit Judge.

This is an action brought by the receivers of the International Company of St. Louis against William E. Dodson and R. C. Toombs to secure the cancellation of a certificate for 70,000 shares of the preferred stock of that company. This certificate was issued to Toombs and by him pledged with Dodson to secure the payment of a note for $100,000. The basis of the action is that the certificate was fraudulently issued without any consideration therefor...

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