Cahall v. Burbage

The Chancellor.

The defendant’s demurrer raises two objections — first, that-the complainant has been guilty of loches; and, second, that this court is without jurisdiction.

1. As to the question of loches. Until the complainant was appointed receiver on February 17, 1919, the company was in the management and control of those individuals who are charged with having been joint wrongdoers with the defendant in the issuance of the fifteen shares of stock to each director and with having shared with the defendant in the enjoyment of like personal benefits arising from the same alleged breach of…