Falvey v. Foreman-State Nat. Bank

SPARKS, Circuit Judge.

'The questions here presented arise out of the court’s dismissal of appellant’s amended bills in equity. Both the original and amended bills were brought by appellant on behalf of himself and all other persons similarly situated with respect to the subject matter.

Appellant was a shareholder of the Foreman-State National Bank, and by his original bill, which was based upon the doctrine of exoneration, sought to enforce a claim of $880,000 with interest, against the appellee directors, and to apply the proceeds thereof in diminution of that bank’s debts. Lipón dismissal of…