Alexander v. State Capital Co.

THE COURT.

This is an appeal from a judgment in favor of those plaintiffs whose claims were not dismissed prior to judgment in an action brought to establish their claims against the California Mutual Building & Loan Association, in process of liquidation, after rejection thereof by the Building & Loan Commissioner, and after a schedule of the rejected claims had been filed in the Superior Court of Santa Clara County.

The claims are all based upon fraud and arise out of the following situation: The State Capital Company was organ ized in the early part of 1929 for the purpose of acquiring the…