Cheatham v. Gormley

R. E. Gormley, as superintendent of banks of this State, brought suit against certain officers and directors of the Griffin Banking Company, for breach of duties, misfeasance, nonfeasance, and fraudulent conduct on the part of some of them, by reason of which it was alleged the bank sustained large losses which finally resulted in its insolvency, causing heavy loss to its depositors and creditors. The petition sets forth twelve separate and distinct transactions, each showing a specific loss. It is alleged that different officers and directors served in different years. It is not alleged that…