Newhall v. Norristown Trust Co.
Supreme Court of Pennsylvania
Appeal, No. 82, Jan. T., 1924, by plaintiff, from decree of C. P. Montgomery Co., Nov. T., 1922, No. 9, dismissing bill in equity, in case of C. S. Newhall et al. v. Norristown Trust Co. Bill for discovery and accounting. Before Stewart, P. J., specially presiding. The opinion of the Supreme Court states the facts. Bill dismissed. Plaintiffs appealed. Error assigned was decree, quoting record.
1Opinion of the Court
Opinion by
Mr. Justice Frazer,
The bill, filed by bondholders against defendant as trustee under a corporate mortgage or deed of trust to secure a bond issue, avers the trustee was grossly negligent in discriminating in payment of interest coupons, certifying bonds after default made in payment of interest at a time it should have known bonds previously certified had been misappropriated, and otherwise failing to perform its duty as trustee. The bill asked for dis*197covery concerning the issue and sale of all bonds and for an accounting for loss plaintiff sustained by reason of alleged neglect of…
2Cases cited1 opinion
- Byers v. Union Trust Co.Supreme Court of Pennsylvania · 1896
3Cited by6 opinions
- Gouley v. Land Title Bank & Trust Co.Supreme Court of Pennsylvania · 1937
- Drueding v. Tradesmens National Bank & Trust Co.Supreme Court of Pennsylvania · 1935
- Fed. Sec. L. Rep. P 97,514 Zeffiro, Jay A., Individually and on Behalf of All Other Persons Similarly Situated v. First Pennsylvania Banking and Trust Company, a Pennsylvania Corporation. Smith, Isabella G., Bernard, Harry M., Jr., on Behalf of Themselves and All Others Similarly Situated v. First Pennsylvania Bank, N. A., Capital First Corporation, First Pennsylvania Bank N. A.Court of Appeals for the First Circuit · 1980
- Gouley v. Land Title Bank & Trust Co., Pennsylvania Court of Common Pleas, Philadelphia County1936
- Kelly v. Girard Trust CompanySupreme Court of Pennsylvania · 1937
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