[Download] "Central Hanover Bank & Trust Co. v. President and Directors of Manhattan Co." by United States Court of Appeals for the Second Circuit # eBook PDF Kindle ePub Free

June 04, 2021

eBook details

Title: Central Hanover Bank & Trust Co. v. President and Directors of Manhattan Co.
Author : United States Court of Appeals for the Second Circuit
Release Date : January 12, 1939
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 74 KB

Description

The order on appeal was in a reorganization proceeding in bankruptcy, and directed the trustees of some eighteen pools of mortgages severally to account for the conduct of their trusts. The first order required the trustees to account generally; but later the judge limited the scope of the accountings, and the appeal relates to the limitation alone. During the existence of the trusts the trustees surrendered some of the mortgages making up the pools to the debtor under circumstances which, as the bondholders assert, made them liable for a breach of trust: two of the trustees wish this litigation to be tried in the accountings; two others wish it kept out; some bondholders wish it kept out; other bondholders and a new corporation created as a successor to the debtor, wish it kept in. The district judge decided that he had no jurisdiction to entertain it.