Continental Bank & Trust Co. v. Brandon

DANIEL HOLCOMBE THOMAS, District Judge.

Receiver for Inland Empire Insurance Company sued to recover on the indebted*929ness of Royal American Insurance Company to Inland, naming John Brandon, as Treasurer of the State of Alabama, a defendant. Brandon, as State Treasurer, had held securities deposited by Royal American for the benefit of its policy holders and creditors, as required by State law. He had released those securities on the written request of the State Superintendent of Insurance, to the alleged damage of Inland. As to Brandon, the jury found for the defendant, and judgment was entered…