Stern v. Gorson

Opinion by

Mr. Justice Schaffer,

This bill in equity was brought by the plaintiffs as liquidating trustees of a building and loan association against defendant to recover the sum of $4,000, which he had obtained as a stock- loan from the association in which he was a stockholder. It was alleged in the bill that defendant in obtaining the loan had been given an unfair and unlawful preference over the other shareholders. After lengthy hearings before the chancellor, in which much testimony was taken, he dismissed the bill. His action was approved by the court in banc and from the final decree…