Esarey v. Pierson, Rec.

January 25, 1918, on complaint of a stockholder and without notice, a receiver was appointed for the Standard Electric Manufacturing Company. A few days later, the defendant appeared and filed answer. The court, after a hearing, refused to set aside the appointment. After the expiration of the ten days allowed for appealing, a number of stockholders and the directors of the company held a meeting and employed counsel and authorized them to take such steps as were deemed necessary to have the receiver discharged. February 23, a motion for a new trial was filed and thereafter overruled.…