Newco Land Co. v. Martin

Action for money had and received. Newco Land Company, a corporation, hereinafter referred to as Newco, instituted the suit. The petition is in two counts, each based on the same cause of action, which arose out of an embezzlement of $7,000 of Newco's funds by an employee and its deposit in a bank to the credit of defendants to conceal abstractions therefrom. The first count seeks to impress a $7,000 equitable lien upon assets in the hands of William W. Martin, William S. Bedal, and George F. Hardie as the Bondholders' Protective Committee for Holders of Bonds of the St. Louis Joint Stock…