Hunter v. Moss

Certain individuals, suing for themselves and such others similarly situated who might desire to intervene, instituted an action against three named persons as directors of an insolvent bank. The petition as amended alleged that the petitioners were depositors in the bank; that the liquidating agents had practically collected and distributed such assets of the bank as were valuable and not exceeding 20 per cent, had been or would be realized for depositors; that the insolvency of the bank was produced by gross mismanagement and negligence of the defendants and in violation of their duties as…