Elliott v. Sloan

Brown, District Judge.

This ease is here on direct appeal. The appellants, who were defendants in the District Court, appeal from the order of the lower court setting aside a judgment in favor of defendants, and granting a new trial to plaintiff.

The six defendants were members of the Board of Directors of Platte County State Bank, a banking corporation, which became insolvent and is now in the hands of the plaintiff as receiver. In March, 1922, the bank had compromised a note of one Mulkey amounting to $9100, for the sum of $5000, thereby sustaining a loss of $4100. The defendants met in…