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MILWAUKEE WESTERN BANK v. LIENEMANN

15 Wis.2d 61 (1961)

MILWAUKEE WESTERN BANK, Appellant, v. LIENEMANN, Respondent.

Supreme Court of Wisconsin.

November 28, 1961.

Attorney(s) appearing for the Case

For the appellant there were briefs by Whyte, Hirschboeck, Minahan, Harding & Harland, attorneys, and Victor M. Harding of counsel, all of Milwaukee, and oral argument by Victor M. Harding.

For the respondent there was a brief by Affeldt & Lichtsinn, and oral argument by Eldred Dede, all of Milwaukee.

MARTIN, C. J.

From 1940 to 1956 defendant was a part-time director and officer of the plaintiff bank and a member of its executive committee in charge of loan applications. Defendant also operated a finance business through Merchants Acceptance Corporation, of which he was the sole stockholder.

Early in 1950 Lienemann learned of the financial condition of Mercury Engineering Corporation, which was engaged in manufacturing...

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