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JOSEPH v. BATES

No. 7990.

133 F.2d 457 (1943)

JOSEPH v. BATES et al.

Circuit Court of Appeals, Seventh Circuit.

January 29, 1943.

Attorney(s) appearing for the Case

Theodore E. Rein and Morton C. Chesler, both of Chicago, Ill., for appellant.

Frank D. Mayer, Donald M. Graham, and Carl Meyer, all of Chicago, Ill., for appellees.

Before EVANS, MAJOR, Circuit Judges, and LINDLEY, District Judge.

LINDLEY, District Judge.

Plaintiff, receiver of Peoples National Bank & Trust Company, appeals from a judgment of the District Court, discharging defendants from the superadded liability imposed by the Act of Congress, 12 U.S. C.A. § 64, upon stockholders of national banking associations.

In June, 1932, the Comptroller appointed a receiver for the insolvent Peoples bank. At that time slightly more than 78...

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