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INSURANSHARES CORPORATION v. NORTHERN FISCAL CORP.

No. 10041.

35 F.Supp. 22 (1940)

INSURANSHARES CORPORATION OF DELAWARE v. NORTHERN FISCAL CORPORATION, Limited, et al.

District Court, E. D. Pennsylvania.

September 10, 1940.

Attorney(s) appearing for the Case

Samuel H. Kaufman, Emil Weitzner, William Glatzer, and Howard W. Fensterstock, all of New York City, and I. Emanuel Sauder, of Philadelphia, Pa., for plaintiff.

Sherwin T. McDowell, John V. Lovitt, Ballard, Spahr, Andrews & Ingersoll, Ernest R. Von Starck, Arthur Littleton, and Morgan, Lewis & Bockius, all of Philadelphia, Pa., for defendants.

KIRKPATRICK, District Judge.

This is a suit brought by a corporation against its former officers, directors, certain of its former stockholders, and others, to recover damages incurred by the corporation as a result of the sale of its control to a group who proceeded to rob it of most of its assets. The plaintiff is an investment trust, specializing in shares of small life insurance companies.

A number of the defendants have not been served with process. Those...

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