Legal Opinion
Brusselback v. Cago Corporation
Court of Appeals for the Second Circuit
Decided July 13, 1936No. 437PublishedCited by 25 opinions
1Opinion of the Court
MANTON, Circuit Judg e.
Appellants, holding $132,000 in bonds, creditors of the Chicago Joint Stock Land Bank which was closed by the Federal Farm Loan Board, sue on behalf of themselves and all other creditors to recover, from 91 named stockholders of the bank, the amount of their statutory liability as such stockholders.
The Chicago Joint Stock Land Bank had outstanding $4,000,000 in capital stock, divided into 40,000 shares, when it failed in October, 1932. At the time of its failure, the bank’s liabilities exceeded its assets by approximately 12 million dollars, so that the stockholders…
2Cases cited16 opinions
- Kennedy v. GibsonSupreme Court of the United States · 1869
- Casey v. GalliSupreme Court of the United States · 1877
- Hale v. AllinsonSupreme Court of the United States · 1903
- United States v. KnoxSupreme Court of the United States · 1880
- Hirshfeld v. . FitzgeraldNew York Court of Appeals · 1898
11 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Russell v. ToddSupreme Court of the United States · 1940
- Nettles v. RhettCourt of Appeals for the Fourth Circuit · 1938
- Holmberg v. AnchellDistrict Court, S.D. New York · 1938
- Holmberg v. CarrCourt of Appeals for the Second Circuit · 1936
- Brusselback v. Cago CorporationDistrict Court, S.D. New York · 1938
20 more not listed; retrieve them via the Exa API.