Federal Credit Co. v. Newman

By permission of the chancellor, the Receiver of the Mississippi Motor Corporation filed an original bill of complaint against a number of alleged debtors of the Corporation, including the Federal Credit Company, which company answered the bill, made its answer a cross-bill and prayed for affirmative relief. Afterwards on motion of the stockholders of the Mississippi Motor Corporation and others the order granting the Receiver permission to file this bill of complaint was revoked. The bill of complaint was then dismissed by the court, as was also the cross-bill of the Federal Credit Company;…