Schram v. Roney

PICARD, District Judge.

The facts in this case are simple. Plain-, tiff is receiver of First National Bank-Detroit, a national banking association, and has brought suit, for assessment on bank stock against William C. Roney et al., brokers. After suit was started defendants sought and got permission to serve summons against Paine, Webber & Co. and several others, asking that said Paine, Webber & Co. and others be made third-party defendants. This action was on the theory that although William C. Roney et al, principal defendants, would be liable for the receiver’s assessment on shares of…