New York Supreme Court March 29, 1889 (Pierson v. Morgan)

Bartlett, J.

This action was brought by the receiver of the Widows’ & Orphans’ Benefit Life Insurance Company against Andrew W. Morgan and 15 other defendants, as trustees of the corporation, to compel them to account for property and assets of the company to a large amount, alleged to have been diverted and misapplied under the circumstances set out in the complaint.