Crites, Inc. v. Prudential Ins. Co.
Annotate this Case
322 U.S. 408 (1944)
U.S. Supreme Court
Crites, Inc. v. Prudential Ins. Co., 322 U.S. 408 (1944)
Crites, Inc. v. Prudential Insurance Co.
Argued March 1, 1944
Decided May 22, 1944
322 U.S. 408
1. A federal court receiver who, through a private agreement made prior to the foreclosure sale of the properties, derived a profit from their subsequent resale held accountable to the receivership estate for such profit notwithstanding that he had been appointed to collect rents and operate the properties and was without authority in respect of any sale thereof. P. 322 U. S. 416.
2. The fee-splitting arrangement entered into by the receiver in this case, together with the fact that he engaged in other misconduct incompatible with his position as an officer of the court, require that he be denied all fees and compensation as receiver. P. 322 U. S. 418.
134 F.2d 925 reversed.
Certiorari, 320 U.S. 728, to review a judgment which modified and affirmed an order of the District Court approving and confirming receivers' accounts and overruling exceptions thereto.
Disclaimer: Official Supreme Court case law is only found in the print version of the United States Reports. Justia case law is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.