Seeger v. Keech

FRANK. J.

The case presented by the bill of complaint is one for reimbursement by some of the bondholders of the Big-Vein Pocahontas Coal Company as against the defendants, directors of that company, for loss alleged to have been suffered by the complainants under the circumstances set forth in the bill. The bill is a voluminous one and sets out numerous and complicated facts. Those essential to this decision may he summarized as follows:

The complainants together are the owners of $52,000 par value of class “B” bonds, secured by a mortgage deed of trust, hereinafter referred to as the…