Legal Opinion

Barnes v. Reed

Court of Appeals for the Third Circuit

Decided June 11, 1940No. 7300Published

1Opinion of the Court

BIGGS, Circuit Judge.: The appellee, receiver of Commercial National Bank of Philadelphia, sued the appellant, Barnes, to recover a stock assessment based upon the appellant’s ownership of 76 shares of the capital stock of the Bank within sixty days before the date upon which the Bank closed'. The appellant filed an affidavit of defense. A motion for judgment was made and judgment was given for the appellee for the full sum sought. The appeal at bar is from that judgment.

The following facts appear, from the statement of claim and the affidavit of defense: The appellant is a broker and

auctionee…

2Cases cited3 opinions

  1. Richardson v. ShawSupreme Court of the United States · 1908
  2. Early v. RichardsonSupreme Court of the United States · 1930
  3. Ward v. SimonDistrict Court, E.D. Pennsylvania · 1938

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