Neese v. Brown

The bill, as amended and supplemented, was filed by G. Royal Neese as Trustee in Bankruptcy of the First Trust Company, Bankrupt, against the defendants who were directors of said company, for losses sustained by that company as the result of the failure of the defendants to use due care and diligence in the discharge of their duties as such directors.

The defendant directors filed demurrers and pleas in bar. The Chancellor overruled the demurrers, and overruled the pleas in bar and allowed a discretionary appeal. The questions presented have been ably briefed and argued. After spending…