Thomas v. Taylor
Supreme Court of the United States
ERROR TO THE SUPREME COURT OF THE STATE OF NEW YORK. The facts, which involve the liability of directors of a national bank for damages caused by a false statement of the condition of the bank, are stated in the opinion.
1Opinion of the CourtJustice McKenna
Action against plaintiffs in error for attesting as directors a false report, as it is alleged, of the condition of The Citizens’ National Bank of Saratoga Springs, New York, whereby the plaintiff in the action (defendant in error) was deceived and induced to purchase thirty shares of the stock of the bank for the sum of $160 per share, which would have been worth that sum had the report been true, but on account of its being false he was compelled to pay 100 per cent assessment on his shares, which was required to be made by the Comptroller of the Currency. Damages were laid in the sum of…
2Cases cited2 opinions
- Yates v. Jones National BankSupreme Court of the United States · 1907
- Taylor v. ThomasAppellate Division of the Supreme Court of the State of New York · 1908
3Cited by58 opinions
- Corsicana Nat. Bank of Corsicana v. JohnsonSupreme Court of the United States · 1919
- Michelsen v. PenneyCourt of Appeals for the Second Circuit · 1943
- Payne v. OstrusCourt of Appeals for the Eighth Circuit · 1931
- Chesbrough v. WoodworthSupreme Court of the United States · 1917
- Cosmopolitan Trust Co. v. MitchellMassachusetts Supreme Judicial Court · 1922
53 more not listed; retrieve them via the Exa API.