AMERICAN EMPLOYERS INS. CO. v. FRANKLIN SAV. & LOAN CO.

No. 8302.

89 F.2d 224 (1937)

AMERICAN EMPLOYERS INS. CO. v. FRANKLIN SAVINGS & LOAN CO. OF MACON.

Circuit Court of Appeals, Fifth Circuit.

Rehearing Denied April 28, 1937.


Attorney(s) appearing for the Case

C. Baxter Jones and A. O. B. Sparks, both of Macon, Ga., for appellant.

Charles M. Cork, E. W. Maynard, and S. G. Jones, all of Macon, Ga., for appellees.

Before FOSTER, HUTCHESON, and HOLMES, Circuit Judges.


HOLMES, Circuit Judge.

A jury being waived, this case was tried by the judge. The record presents a very narrow inquiry. It relates to the liability of a surety for alleged losses sustained by a corporate employer through the payment to shareholders of dividends from capital assets derived from the sale of stock, when there had been no net earnings. Final judgment was rendered for the face of the bond, and the surety appeals. We are limited to an examination of the...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases