FULIA v. WARRANTY BUILDING & LOAN ASS'N OF NEWARK, N. J.


5 F.Supp. 952 (1934)

FULIA et al. v. WARRANTY BUILDING & LOAN ASS'N OF NEWARK, N. J., et al.

District Court, D. New Jersey.

February 9, 1934.


Attorney(s) appearing for the Case

William Harris, of Newark, N. J., for complainants.

Morris H. Cohn, of Newark, N. J., for John Martin and other shareholders.

Samuel Kaufman, of Newark, N. J., for Commissioner Kelly and Warranty Building & Loan Ass'n.


FAKE, District Judge.

The complainants here are citizens of another state, and, because of the diversity in citizenship between them and the defendant, a New Jersey corporation, this court is open to them.

It is alleged in the bill that the defendant loan association has been mismanaged, and by reason thereof its financial condition is such that it cannot function in furtherance of the purposes contemplated by its charter. Complainants therefore seek the appointment...

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