Gouley v. Land Title Bank & Trust Co.

Opinion by

Mr. Justice Barnes,

This is a proceeding in equity, against the trustee under a corporate mortgage securing an issue of bonds, to hold the trustee accountable for losses sustained by the bondholders, resulting from alleged breaches of trust upon its part. The plaintiff, a bondholder, on behalf of herself and others similarly situated, asks that the defendant trustee be removed and a successor trustee be appointed in its place, for an accounting of all moneys received by it as trustee, and for a decree ordering the defendant to account and pay to the successor trustee when appointed a…