Baker v. Hall-Dodds Co.

In 1925, certain negotiable bonds, part of an issue secured by a real estate mortgage, were stolen by robbers from the premises of defendant in Detroit. Defendant had acquired the bonds for presentation to secure a discharge of the mortgage upon its due date in September, 1926. Through a national detective agency, $3,000 of the bonds were traced to Boston, where one Baer claimed to be a bona fide holder of the bonds. Defendant, through Elroy O. Jones, its Detroit counsel, retained plaintiff, a Boston attorney, to bring appropriate proceedings to enjoin the negotiation of the bonds, and on…