Connolly v. Gishwiller

KERNER, Circuit Judge.

Harry E. Hallenbeck as receiver of Calumet National Bank of Chicago originally brought this action to recover alleged illegal profits claimed to have been derived by defendants, pursuant to a conspiracy, through the sale of various assets of the receivership for less than their actual value. Appellee, under appointment by the Comptroller of the Currency, is the present receiver of the bank. There were originally thirty-two defendants. When the decree was entered, appellants were the only defendants held liable.

The material allegations of the complaint are that defendant…