Swentzel v. Penn Bank
Supreme Court of Pennsylvania
Appeals, Nos. 289, 295, Oct. T., 1891, by Henry Warner, assignee, A. A. Hutchinson and Thomas Hare, from a decree of C. P. No. 2 of Allegheny Co., July T., 1884, Nos. 304 and 380, on a bill in equity. E. W. Swentzel, Elias J. Unger and other creditors of the Penn Bank filed two bills in equity against the Penn Bank and Henry Warner, its assignee, W. N. Riddle, president, and Geo.
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Appeals, Nos. 289, 295, Oct. T., 1891, by Henry Warner, assignee, A. A. Hutchinson and Thomas Hare, from a decree of C. P. No. 2 of Allegheny Co., July T., 1884, Nos. 304 and 380, on a bill in equity. E. W. Swentzel, Elias J. Unger and other creditors of the Penn Bank filed two bills in equity against the Penn Bank and Henry Warner, its assignee, W. N. Riddle, president, and Geo. B. Gordon,his assignee ; P. B. Laughlin, vice-president; G. L. Reiber, cashier; James Herdman, James H. Hopkins, D. W. C. Carroll, T. Brent Swearingen, Samuel Severance, Philip Reymer, Tho'mas Hare, George C. Davis,…
1Opinion of the Court
Opinion by
Mb. Justice Paxson,
This case has been so carefully considered by the learned master and court below, that little remains for us to add. Indeed, in a case of such magnitude, involving a vast mass of testimony, we can do little more than see that the principles upon which it has been decided below are sound.
Briefly stated, the bill was filed for the purpose of holding the officers and directors of the bank responsible for the losses resulting from its failure. It is claimed that the officers and directors were negligent in their management of the bank’s *149affairs, and that by reason of…
2Cases cited2 opinions
- Briggs v. SpauldingSupreme Court of the United States · 1891
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