Wood v. Pogue, Rec.

5 N.E.2d 1011, 103 Ind. App. 577, 1937 Ind. App. LEXIS 184
CourtIndiana Court of Appeals
DecidedFebruary 10, 1937
DocketNo. 15,846.
StatusPublished
Cited by4 cases

This text of 5 N.E.2d 1011 (Wood v. Pogue, Rec.) is published on Counsel Stack Legal Research, covering Indiana Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wood v. Pogue, Rec., 5 N.E.2d 1011, 103 Ind. App. 577, 1937 Ind. App. LEXIS 184 (Ind. Ct. App. 1937).

Opinion

CURTIS, J.

On March 25, 1927, in the Steuben Circuit Court, Mack Pogue was appointed receiver of the Angola Bank Trust Company, and three days later he employed the appellant as the general attorney in the administration of said trust. The appellant acted in that capacity from March 28, 1927, up to and including December 31, 1930, a period of approximately three years and nine months. The appellant resigned as such attorney due to the fact that he had been elected as Judge of the Appellate Court of this State and was,, therefore, precluded from serving as such attorney, after he became such Judge on January 1, 1931.

The assets of said receivership amounted to approximately $678,596.55 with liabilities amounting to $680,-283.57. At the time of the resignation of the appellant said receivership was far along in its administration so that after said time said receiver paid out only the sum of $400.00 as attorney’s fees to other attorneys covering the time from said resignation until the final report was filed in said receivership. The receiver was paid in all $13,000.00 for his services. Shortly before the resignation of said appellant he had a talk with Judge Clyde C. Carlin in whose court the receivership was. pending in connection with allowance of additional attorney’s fees to the appellant. Previously to the time the appellant. and Judge Carlin had said conversation above referred *580 to he had been paid the sum of $4250.00 on account of said services and according to Judge Carlin he after-wards made an additional order for $1,000.00 making the following entry in vacation:

“September 27, 1930 in vacation.
Court now considers petitions filed by Mack Pogue, receiver and A. C. Wood, attorney, filed July 7, 1930. Receiver authorized to pay himself $1,000.00 on account of his services as receiver and A. C. Wood, $1,000.00 on account of his services as attorney for receiver.”

The further evidence of Judge Carlin on that point is as follows:

“Some time after that (referring to the conversation between him and appellant as to additional fees) without saying anything to him about it I went in and wrote an order allowing him $1,000.00 on account of fees.”

Before the final report in the receivership was filed ■ the appellant herein filed his claim (which was later amended) in said receivership for the total sum of $13,-000.00, $5,250.00 of which he acknowledged had previously been paid leaving a balance as alleged in the amended claim due the appellant of $7,750.00.

There were some few small expenses itemized in the amended claim which were allowed and no further notice need be given these items. Along with the amended claim the appellant filed an exhibit “A” in which detailed hours of services were set forth in the amount of thirteen hundred eight hours.

We set out pertinent allegations of the amended claim as follows: “That immediately after the appointment and qualification of said Receiver, and the employment of this claimant as attorney, they began the work of conserving, protecting and marshalling the assets of said Angola Bank Trust Company, and of determining and listing the liabilities thereof. That notice was given *581 to all creditors to present their claims, and pursuant to such notice many claims were filed with said receiver. That all of said claims had to be audited, investigated, set-offs taken into account, and such other steps taken as the circumstances demanded, to determine the correct amount actually due and owing to such claimants. That in many instances, hearings were had upon claims so filed, and at all of which hearings this claimant appeared for and represented said receiver.

“That shortly after the suspension of said Angola Bank Trust Company, said receiver commenced an action against the officers and directors of said banking institution to recover damages for the alleged negligence of the defendants named therein in the operation and management of said bank. That the facts forming the basis for said action were fully investigated by this claimant and said receiver, and the law and authorities pertaining to such actions briefed. That subsequently action was commenced against said officers and directors by other counsel. That said cause of action was, by order of said court, compromised and settled without trial, to the benefit of said receivership. That this claimant consulted with said receiver and said other counsel numerous times regarding the prosecution and settlement of said suit.

“That during the course of administering said receivership, it became necessary to levy and collect an assessment against the several stockholders of said bank upon the shares of capital stock owned by them. That some of said stockholders refused to pay said assessment, and denied their liability, and it became necessary to file suit therefor and to prosecute the same to judgment. That from the judgments so rendered, two of said stockholders, prosecuted separate appeals to the Appellate Court of Indiana. That said appeals were later transferred to the Supreme Court of Indiana, which said *582 court later affirmed the judgments theretofore rendered. That this claimant represented said receiver throughout said litigation over the collection of said stock assessments, which work included an intensive study of the law relative to the rights of a receiver to prosecute such an action, and also relative to the liability of the stockholders of the capital stock of a loan, trust and safe deposit company; and included the preparation of briefs for said receiver as appellee, and briefs in reply to the briefs prepared and filed by said appellants and each of them.

“That in addition thereto said claimant represented said receiver in all litigation of whatsoever kind or character upon request of said receiver. That'because of the varied character of the assets in the hands of said receiver, and the inability to collect upon the same without suit, this claimant prepared, filed and prosecuted to final judgment or settlement numerous causes of action in the circuit courts of Steuben, LaGrange, Noble and DeKalb Counties. That many of said persons owing obligations to said Angola Bank Trust Company sought to escape payment, or collection by making fraudulent conveyances and transfers of their property subject to execution; and because thereof, this claimant, as attorney for said receiver, prosecuted many suits .to* set aside said conveyances and transfers. That it became necessary in many instances to institute proceedings supplemental to execution in order for said receiver to realize upon judgments theretofore recovered by him.

“That in many instances said receiver availed himself of his remedy in attachment to realize upon certain assets in his possession. That this claimant, in all attachment actions so brought, not only prepared, filed, and prosecuted said actions, but also executed all attachment bond's and undertakings as surety for said receiver. That this was done by said claimant in order *583 to expedite the prosecution of said actions, save time and expense of procuring other sureties, and was entirely outside the duties and obligations of said claimant as counsel for said receiver.

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Bluebook (online)
5 N.E.2d 1011, 103 Ind. App. 577, 1937 Ind. App. LEXIS 184, Counsel Stack Legal Research, https://law.counselstack.com/opinion/wood-v-pogue-rec-indctapp-1937.