State v. Robinson

W. E. Robinson, J. E. Hambrick, and Sherwood H. Avery,, underwriters of Bankers’ Lloyds of Dallas, and Johnnie Johnson and Dr, John F. Ford, creditors, brought this suit for the appointment of a receiver to wind up the affairs of the association. Bankers’ Lloyds, Stephen Reele, attorney in fact, Guardian Securities Corporation, holder of certain powers of attorney, and John Touchstone, custodian, were made defendants. The suit was brought for the benefit of all other creditors and underwriters who desired to join in the proceedings. Plaintiffs alleged that the association was in an insolvent…