Yates v. Jones National Bank
Supreme Court of the United States
ERROR TO THE SUPREME COURT OP THE STATE OP NEBRASKA. The facts are stated in the opinion. If defendants acting in their official capacity as directors of the Capital National Bank mismanaged the bank and wasted its assets by reason of their neglect so that thereby the bank became insolvent, the damage resulting was an asset of the bank, and could not be recovered by the individual depositors who lost money in the failure of the bank, but only by. the bank or its receiver.'…
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ERROR TO THE SUPREME COURT OP THE STATE OP NEBRASKA. The facts are stated in the opinion. If defendants acting in their official capacity as directors of the Capital National Bank mismanaged the bank and wasted its assets by reason of their neglect so that thereby the bank became insolvent, the damage resulting was an asset of the bank, and could not be recovered by the individual depositors who lost money in the failure of the bank, but only by. the bank or its receiver.' Conway v. Halsey, 44 N. J. Law, 463, 464; Kennedy v. Gibson, 8 Wall. 506; Cockerell v. Cooper, 86 Fed. Rep. 13; Horner v.…
1Opinion of the CourtJustice White
delivered the. opinion of the court.
This writ of error is prosecuted to secure the reversal of a judgment of the Supreme Court of the State of Nebraska affirming one entered by a. court of Seward County, in that State, upon a verdict of a jury awarding damages against the defendants below, plaintiffs in error here, because of certain acts charged to have been done' by them as officers and. directors of the Capital National Bank of Lincoln, Nebraska.
We briefly summarize a statement contained in the opinion of the court" below concerning, a prior action between the same parties. That action,…
2Cases cited10 opinions
- Farmers' & Mechanics' National Bank v. DearingSupreme Court of the United States · 1875
- Briggs v. SpauldingSupreme Court of the United States · 1891
- Davis v. Elmira Savings BankSupreme Court of the United States · 1896
- Schlemmer v. Buffalo, Rochester & Pittsburg Railway Co.Supreme Court of the United States · 1907
- Potter v. United StatesSupreme Court of the United States · 1894
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3Cited by100 opinions
- Corsicana Nat. Bank of Corsicana v. JohnsonSupreme Court of the United States · 1919
- Fed. Sec. L. Rep. P 99,010 Fred H. Harmsen v. C. Arnholt SmithCourt of Appeals for the Ninth Circuit · 1982
- Michelsen v. PenneyCourt of Appeals for the Second Circuit · 1943
- Bowerman v. HamnerSupreme Court of the United States · 1919
- Hughes v. ReedCourt of Appeals for the Tenth Circuit · 1931
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