Pifath v. National City Bank

Action to recover damages for the alleged conversion by the defendant bank of certain shares of corporate stock deposited with the bank as security for the payment of three certain promissory notes secured by such collateral, made respectively (1) by plaintiffs: (2) by a corporation of which they were the sole stockholders, payment of which note was guaranteed by them; and (3) by the same corporation, payment of which note was likewise guaranteed by plaintiffs. Upon those notes, on October 20, 1937, the date of the *1007alleged conversion, there was unpaid the sum of $110,000. Prom a judgment in…