Lomman v. Lieb

McDonald, J.,

Plaintiffs filed a complaint in equity against Henry J. Lieb, “an agent, employee, officer and/or servant” of The First National Bank of Barnesboro, herein referred to as bank, and the bank. Plaintiffs were the owners of 53 shares of stock in the bank, which they had been trying to sell over a two and one-half year period. On May 8, 1964, at the request of defendant Lieb, they sold the stock to him at $70 per share. They aver that at the time of sale, the bank and Lieb knew “negotiations were underway” with The First National Bank of Ebensburg, which had proposed the purchase of…