National Life Insurance Co. of the United States v. Haines
Supreme Court of Pennsylvania
Appeal, No. 143, Oct. T., 1916, by complainant, from decree of O. P. Allegheny Co., June T., 1914, No. 418, in equity, directing payment to defendants, on bill in equity for an accounting in case of National Life Insurance Company of the United States of America v. James B. Haines, Jr., Thomas P. Jones and Louis C. Sands, as Trustees for the Stockholders of the Pittsburgh Casualty Company, and others, stockholders of said corporation, individually.
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Appeal, No. 143, Oct. T., 1916, by complainant, from decree of O. P. Allegheny Co., June T., 1914, No. 418, in equity, directing payment to defendants, on bill in equity for an accounting in case of National Life Insurance Company of the United States of America v. James B. Haines, Jr., Thomas P. Jones and Louis C. Sands, as Trustees for the Stockholders of the Pittsburgh Casualty Company, and others, stockholders of said corporation, individually. Bill in equity for accounting. The facts appear by the opinion of the Supreme Court. The court below entered the following decree: And now, to…
1Opinion of the Court
Opinion by
Mr. Justice Potter,
This was a bill in equity to secure an accounting filed by the National Life Insurance Company of the United States of America, a corporation of the State of Illinois, against James B. Haines, Jf., Thomas P. Jones and Louis C. Sands, trustees for the stockholders of the Pittsburgh Casualty Company, and numerous stockholders of the latter company individually. It was averred in the bill that, on July 3, 1912, the complainant entered into a contract with the defendant trustees for the purchase of all the capital stock of the Pittsburgh Casualty Company, a…
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