Savage

Savage v. United States District Court

Good Law
144 F.2d 575·1944 U.S. App. LEXIS 2886
United States Court of Appeals for the Ninth CircuitJuly 28, 1944No. 10837California281 words

Opinion

Lead Opinion

Petitioners move for leave to file a petition for writ of prohibition restraining the district court from directing the receiver of the petitioner corporation to dispose of certain real estate belonging to it. The petition contends that there was no jurisdiction for the creation of the receivership and, assuming jurisdiction, the receivership was limited to the conservation of the assets- of the petitioning corporation during the period of appeal from a judgment against petitioner Savage.

The petition refers to appeals pending here from the judgment against Savage and from the appointment of the receiver. We have examined the complaint and the judgment thereon and the order appointing the receiver as appearing in the records here on the two appeals. National Fire Ins. Co. v. Thompson, 281 U.S. 331, 336 , 50 S.Ct. 288 , 74 L.Ed. 881 . The complaint is for a receivership not pendente lite but general in character to conserve the assets of the corporation from the mismanagement of the corporation by Savage who allegedly obtained control thereof by a fraudulent breach of trust in the stock of the corporation belonging to the plaintiff filing the complaint below. The judgment…

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