Liquidation of Canal Bank & Trust Co.

LAND, Justice.

Several nonresident stockholders of the old Canal Bank & Trust Company, now in liquidation, filed suit on the law side of the United States District Court for the Eastern District of Louisiana against the former officers and directors of that bank, to recover alleged losses averred to have resulted from the illegal acts of these defendants while acting as officers and directors of that banking institution.

The title of this suit is, “Finance Company of America at Baltimore et al. v. A. D. Geoghegan et al.”

These stockholders also filed in that court, on the equity side, a bill for…