Carey v. Hilo Fin. Thrift Co., Ltd.

OPINION OF THE COURT BY

LE BARON, J.

This is a bill in equity for an injunction to restrain proceedings in respondent’s pending action at law to recover from petitioner the aggregrate amount of principal remaining unpaid on three promissory notes and for a transfer of that action to equity. The bill is brought by the petitioner as defendant and payor against the respondent as plaintiff and payee. It alleges that such notes are the last of a series of forty-nine notes. The matters alleged by the bill as grounds for equitable relief are in substance that the entire series of notes are tainted…