Hood v. Stern

In the Superior Court of the State of California,

In and for the City and County of San Francisco.

Dept. No. 14.

Walter Hood, as Trustee, etc., Plaintiff. vs. No. 126601 Frederick Stern, Defendant.

Memorandum of Decision.

Plaintiff sues as the trustee in bankruptcy of Mercantile Finance Company, of which the defendant, Frederick Stern was president and general manager. The claims of creditors being $130,654.75 in excess of all assets, recovery of this sum is sought from the defendant as a stockholder with 1,972,075 shares of common stock, mostly unpaid.

*92The permits of the Commissioner of…