Legal Opinion
Commissioner of Banks v. Harrigan
Massachusetts Supreme Judicial Court
Decided June 27, 1935PublishedCited by 16 opinions
1Opinion of the CourtRugg, C.J.
This is a suit in equity under G. L. (Ter. Ed.) c. 167, § 24, by the commissioner of banks against seventeen directors of the Lowell Trust Company, now in process of liquidation by the plaintiff. The object of the suit is to recover for the benefit of the creditors and stockholders of the trust company for losses suffered by it through breaches of the fiduciary duties of the defendants as directors. The trust company had conducted in accordance with statutory authority both commercial and savings departments. Without narrating in detail the numerous allegations in the bill of complaint, it is…
2Cases cited18 opinions
- Parker v. SimpsonMassachusetts Supreme Judicial Court · 1902
- Stockbridge v. MixerMassachusetts Supreme Judicial Court · 1913
- United Zinc Companies v. HarwoodMassachusetts Supreme Judicial Court · 1914
- Elliott v. BakerMassachusetts Supreme Judicial Court · 1907
- Cosmopolitan Trust Co. v. MitchellMassachusetts Supreme Judicial Court · 1922
13 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Spiegel v. Beacon Participations, Inc.Massachusetts Supreme Judicial Court · 1937
- City of Boston v. SantosuossoMassachusetts Supreme Judicial Court · 1940
- City of Boston v. DolanMassachusetts Supreme Judicial Court · 1937
- John L. Whitlock, Trustee v. John W. Hause, D/B/A Hause Floor Co.Court of Appeals for the First Circuit · 1982
- Department of Revenue v. JarvenpaaMassachusetts Supreme Judicial Court · 1989
11 more not listed; retrieve them via the Exa API.