Director liability for false bank report
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 244 U.S. 72 - Chesbrough v. Woodworth · 1917Most cited · 136 citing opinions
The making and publishing of the reports are not merely for the information of the Comptroller, but are to guide the public, and he who buys stock in a bank in reliance upon the reports has a right of action under § 5239, Rev. Stat., against any officer or director who, knowing its falsity, authorizes such report. 'The one suffering such damages is within the statutory description "any other person.