Legal Opinion

John L. Walker Co. v. Alden

District Court, E.D. Illinois

Decided March 12, 1934No. 316PublishedCited by 11 opinions

1Opinion of the Court

LIND LEY, District Judge.

Plaintiff brings this suit in equity against the receiver of the First National Bank of Benton, Ill., asking the court to impress the funds in the possession of the receiver with a trust in behalf of plaintiff to the extent of $9,560. The receiver contends that no trust relation exists, but that plaintiff is a general depositor entitled to share in the distribution of the assets as such.

Plaintiff in December, 1921, entered into a contract with the city of Benton to build a sewer for the sum of $191,200 payable in bonds of sewer district No. 1 of that city. In May,…

2Cases cited57 opinions

  1. Empire State Surety Co. v. Carroll CountyCourt of Appeals for the Eighth Circuit · 1912
  2. Scammon v. KimballSupreme Court of the United States · 1876
  3. The People v. . the City Bank of RochesterNew York Court of Appeals · 1884
  4. Blakey v. BrinsonSupreme Court of the United States · 1932
  5. Peak v. EllicottSupreme Court of Kansas · 1883

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3Cited by11 opinions

  1. Peoples Westchester Savings Bank v. Federal Deposit Insurance Corporation, as Receiver of Guardian Bank, N.A.Court of Appeals for the Second Circuit · 1992
  2. Hibernia National Bank v. Federal Deposit Insurance CorporationCourt of Appeals for the Tenth Circuit · 1984
  3. Chase Manhattan Bank, N.A. v. Federal Deposit InsuranceDistrict Court, W.D. Oklahoma · 1983
  4. Seattle-First National Bank v. Federal Deposit InsuranceDistrict Court, W.D. Oklahoma · 1985
  5. In Re the Receivership of the Mt. Pleasant Bank & Trust Co.Supreme Court of Iowa · 1995

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