Guaranty Trust Co. of New York v. Fentress

EVANS, Circuit Judge (after stating the facts as above).

Each of the two original suits was brought for the avowed purpose of obtaining the appointment of receivers, who in turn were to. protect the property from loss through sale under the present unfavorable conditions, which are alleged to be abnormal. The In-sull Utility Investments, Ine., it appears, was a corporation, commonly described as a holding company, organized for the purpose of speculating in stocks, chiefly utility, issued by companies which were controlled or manipulated by a group of men in Chicago headed by one Samuel…