Federal Deposit Ins. v. Alker

BIGGS, Circuit Judge.

The suit at bar was brought by Federal Deposit Insurance Corporation against the defendants pursuant to the provisions of § 12B(j) of the Act of June 16, 1933, 48 Stat. 168, 12 U.S.C.A. § 264(j). The plaintiff seeks to recover a deficiency judgment against the defendant, Alker for a balance due from him on a demand note, an adjudication that neither the defendant Mamie DuBan, executrix of the estate of Alfred A. DuBan, nor the estate has any interest in *9084,400 shares of the common stock of National Dairy Products Corporation pledged by Alker with Integrity Trust Company as…