Scott v. Hollingsworth

Plaintiffs, as receivers of the Julian Petroleum Corporation, a Delaware corporation, on August 8, 1927, instituted this action at law in four counts against the defendant, W. I. Hollingsworth, to collect treble damages for usurious interest paid to him as follows: $19,000 on December 11, 1926; $19,000 on January 11, 1927; $19,000 on February 19, 1927, and $19,000 on April 5, 1927. The total amount so paid was $76,000, which, when trebled, aggregates the sum of $228,000. Said sums were paid on an existing promissory note, having a principal sum of $100,000 then due and payable, in…