Did Not Order Receiver Appointed, Daily Racing Form, 1916-11-17

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DID NOT ORDER RECEIVER APPOINTED. Xew Orleans. La.. Xovember 10. When the Supreme Court decided that Miss Jean M. Gordon, leader of the Womans Suffrage party in Louisiana, as a stockholder of the Business Men3 Racing Association, had the right to file receivership proceedings against that concern it did not order the appointment of a receiver, but commanded the lower court to proceed with the trial of the case. The decision does not necessarily mean that a receiver will be appointed for the concern, but that if other exceptions presented by the defense are overruled, such an appointment will be likely, it is declared. To Miss Gordons suit for a receiver on the ground that the racing was being conducted in a manner which was contrary to law. the Business Mens Racing Association, toward the end of the last racing season, replied with exceptions, the two principal of which were exceptions of no cause of action of estoppel. The association alleged that Miss Gordon had no cause of action, inasmuch as the concern was not in a bad financial condition, but 011 the contrary was making money, and that she would therefore benefit as a shareholder substantially.


Persistent Link: https://drf.uky.edu/catalog/1910s/drf1916111701/drf1916111701_1_7
Local Identifier: drf1916111701_1_7
Library of Congress Record: https://lccn.loc.gov/unk82075800