Daugherty v. Flach

Opinion op the Court by

Judge Clay —

Affirming.

E. H. Daugherty brought this suit against Charles Flach and others, former directors of the Bank of Ludlow, the banking commissioner and his deputy in charge of the bank as liquidating agents, and the Bank of Ludlow itself, to recover for himself and all others similarly situated, the sum of $59,589.12, with interest from July 10, 1926. From a judgment dismissing the petition Daugherty appeals.

Briefly stated, the facts on which liability is predicated are these: In the month of June, 1926, Daugherty was president of the Ludlow Savings Bank and the…