Murry v. Hale

HENLEY, Chief Judge.

This suit in equity was brought by the trustee of the estate of Arkansas Business Development Corporation (ABDC), a bankrupt, against certain named defendants who are sued individually and as representatives of a class. After the action was commenced, additional parties intervened, aligning themselves with the defendants in opposition to the claims of the trustee.

The purpose of the suit is to secure an adjudication of ownership of and interests in certain securities, principally loan collateral such as mortgages, which securities are in the physical possession of…