In re Franklin Washington Trust Co.

Petitioner is the plaintiff in an action pending in New Jersey. In that action it is alleged that petitioner, in 1942, had a judgment against one Schindel for about $44,000. Schindel made overtures of settlement and petitioner requested information as to his financial condition, to which Schindel made representations. Petitioner thereupon had the judgment marked satisfied and received from Schindel $12,000. It is further alleged that petitioner recently discovered that Schindel’s representations were false in that he concealed the existence of several assets. The action seeks to set aside the…