Levassor v. Metropolitan Fire Insurance Company's Receiver

Opinion op ti-ie Court by

William Rogers Olay, Commissioner

Reversing.

On tlie application of two stockholders, the Metropolitan Fire Insurance Company was placed in the hands of a receiver by the Kenton circuit court, and on appeal the judgment was affirmed. Metropolitan Fire Insurance Company v. Middendorf, 171 Ky. 771, 188 S. W. 790.

On investigation by the receiver it was found that practically all the assets of the corporation had been dissipated. Thereupon, the receiver instituted and defend*25ed certain actions, and compromised other claims against, the company. On January 28, 1918, the…