Ullrich v. Thomas

HICKS, Circuit Judge.

This case presents another phase of the same general circumstances involved in Barbour v. Thomas et al. (Connolly, Receiver, v. Thomas, Receiver) 86 F.(2d) 510 (C.C.A.), Nos. 7116 and 7117, this day decided.

Appellants were common stockholders in the Detroit Bankers Company, herein called the holding company. They acquired their stock prior to January 1, 1931, by exchange for shares of the Detroit Trust Company and the Bank of Michigan, component units of the holding company.

They were without objection permitted to intervene and file a motion to dismiss the cross-bill of…