Jones v. Maxwell Motor Co.

The Chancellor.

The complainant, as a stockholder of the defendant, filed his bill in this cause on December 11,1920, praying that a receiver be appointed for the defendant. The prayer for a receiver was not predicated on an allegation of insolvency. In deed, the original bill was constructed on the theory that the de*78fendant was solvent, but fraud and mismanagement were charged on the part of the officers.

After the filing of the original bill, to-wit, about January 14, 1921, three several suits were filed against the defendant in the District Courts of the United States for the Eastern…