Volpe v. Gunder

This action was brought against the Bankers Financial Trust, a voting or holding trust organized under the laws of Massachusetts, and six individual defendants acting as trustees of the trust. The essential facts found by the trial court are these: The Bankers Financial Trust owned the control of a majority of the stock of (1) Bankers Capital Corporation, a trading company engaged in the general business of buying and selling securities for customers and for its own account, with its principal place of business in the city of New York; (2) Eastern Bankers Corporation, a financial investment…