Stott v. Stott Realty Co.

This is an appeal by plaintiff, Arthur Stott* from a judgment of no cause of action, entered on defendant Stott Realty Company’s motion for a directed verdict. Plaintiff’s action is in assumpsit to recover from dividends collected by defendant company on securities that were pledged to it by plaintiff as collateral for loans. The determination of the matters in dispute depends upon the interpretation of the several loan agreements.

Upon the death of plaintiff’s father, David Stott, practically all of the stock of the defendant corporation passed to his testamentary trustees. The beneficiaries…