Jaffe v. First-Central Trust Co.

OPINION

The action below was one for the recovery of losses sustained by the beneficiaries under a trust agreement between the defendant trust company’s predecessors and one Samuel Jaffe, because of the maladministration of said trust, and the conversion of the assets of said trust by the defendant trust company.

In the trial court, a finding was had stating that the trust company had “converted the assets of said trust estate * * * in the sum of * * * $12,000,” and that “by reason of the loss aforesaid to said trust estate, said trustee has a just and valid claim against the defendants the…