Bacher v. Albert

LAND,. Justice.

This is a suit by plaintiff against the directors, officers, and members of the executive committee of the board of directors of the Mortgage & Securities Company, a Louisiana corporation, to recover the sum of $3,017.50, with interest at the rate of 5 per cent, per annum from July 31, 1929, until paid, and for all costs of suit.

Plaintiff seeks recovery against the directors of the corporation dealing in securities to recover loss on his part of money deposited for the purchase of bonds by reason of the corporation’s insolvency.

An exception of no cause of action filed by…