Hanna v. . Lyon
New York Court of Appeals
Appeal from a judgment of the Appellate Division of the Supreme Court in the third judicial department, entered December 10, 1902, reversing a judgment in favor of plaintiffs entered upon a decision of the court on trial at Special Term and dismissing the complaint. The defendants are liable to the bank for the loss sustained by reason of their negligence.
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Appeal from a judgment of the Appellate Division of the Supreme Court in the third judicial department, entered December 10, 1902, reversing a judgment in favor of plaintiffs entered upon a decision of the court on trial at Special Term and dismissing the complaint. The defendants are liable to the bank for the loss sustained by reason of their negligence. (Cook on Corp. [5th ed.] §§ 702, 703 ; Brinckerhoff v. Bostwick, 88 N. Y. 52; Cassidy v. Uhlmann, 170 N. Y. 517; Hun v. Cary, 82 N. Y. 65; Bloom v. Nat. S. Co., 81 Hun, 120; 152 N. Y. 114; Briggs v. Spaulding, 141 U. S. 132; Warren v.…
1Opinion of the Court
Parker, Ch. J.
The findings of the trial court establish conclusively that the defendants’ testators, Charles P. Lyon and Joshua J. Rogers, were, as officers and directors .of the People’s Hational Bank of Salem, N. Y., guilty of negligence, resulting in a loss of many thousands of dollars to the bank, a loss so great that an assessment equal to the capital stock was charged upon the stockholders. Upon these findings the trial court gave judgment for the plaintiff, which was reversed in the Appellate Division and the complaint dismissed. The form of the order of reversal was such as to make it…
2Cases cited9 opinions
- Brinckerhoff v. . BostwickNew York Court of Appeals · 1882
- Sage v. . CulverNew York Court of Appeals · 1895
- Brinckerhoff v. . BostwickNew York Court of Appeals · 1885
- Hun v. . CaryNew York Court of Appeals · 1880
- Brinckerhoff v. . BostwickNew York Court of Appeals · 1887
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3Cited by26 opinions
- Peterson v. HopsonMassachusetts Supreme Judicial Court · 1940
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- Jacobson v. . Brooklyn Lumber Co.New York Court of Appeals · 1906
- People v. Equitable Life Assurance Society of United StatesAppellate Division of the Supreme Court of the State of New York · 1908
- Kavanaugh v. . Commonwealth Trust Co.New York Court of Appeals · 1918
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