Cogswell v. Drennen
Court of Appeals for the Fifth Circuit
Appeal from the District Court of the United States for the Northern District of Alabama; William I. Grubb, Judge. Suit by Felix M. Drennen, as receiver for the American Mortgage & Loan Company, against Sumter Cogswell and others. From a decree for complainant, defendants appeal.
1Opinion of the Court
BRYAN, Circuit Judge.
This suit was brought by appellee as receiver of the American Mortgage & Loan Company (herein called the American Company) against the Southern States Fire Insurance Company (herein called the Insurance Company) and seven of its stockholders, and is based upon a fraudulent conspiracy by the individual appellants to sell the stock of the Insurance Company to the American Company at an excessive price, as a result of which the American Company lost practically all of its assets. The bill seeks to recover the amount of such loss.
Evidence was taken, and upon final hearing the…
2Cases cited4 opinions
- Supervisors v. KennicottSupreme Court of the United States · 1877
- United States v. CamouSupreme Court of the United States · 1902
- Drennen v. Southern States Fire Ins.Court of Appeals for the Fifth Circuit · 1918
- Souer v. De BaryCourt of Appeals for the Fifth Circuit · 1900