Logan v. Equitable Trust Co.

Plaintiff claims the trustee is liable personally for damages and that he is not looking to any security in this proceeding; that the trustee did not, in fairness, have the property back of the second and third mortgages appraised, but conspired with Coe A. McKenna & Company and Coe A. McKenna himself, in the appraisement, and made it too high; that there was never any equity in the real property forming the basis of the security over and above prior mortgages and liens; that the appraised value at the date of the issuance of the bonds and as of the date of default in payments was $152,200…