Salt Lake Herald-Republican | 1910-08-17 | Page 1 | Charge Attorney with Violation of Trust

CHARGE ATTORNEY WITH MITH VIOlATION Of TRUST Claim Their Attorney Ac Acquired Acquired Acquired Stock Through Manipulation Cincinnati Aug 18 Iff Suits for In Injunctions InI injunctions I junctions accountings and damages totalling millions of jotters an bring brine ing lug Into question deals involving lout four railroads were tiled flied here today by Rudolph and Leopold brokers The suits are directed chiefly against Newman Erb a New York attorney who since 1908 has been a a disbursing iU trustee for fer the old firm of Co a concern that declared itself possessed of ot assets of when the liquidation was undertaken In ad ditton to Mr r Erb ErlI ojie of the three e suits is t at the p Ob A t Ohio railroad and F M Bradford inset I dent Tir or or fhe Chicago ago Cincinnati 8 Louisville railroad The Th s charge Erb rb with a violation of trust allege and fraud and arid that he speculated In sua held by him as alii trustee Three prin principal principal cipal accountings are demanded and a an a prayer for tor damages names as the amount they desire to recover from Erb The damages are asked because e It is alleged Erb as trustee permitted d II U 1 par value of ot Dayton Toledo A AI Ironton railroad stock to be sold at auction for The plaintiffs demand an accounting a for over profit alleged to have been made by lJ b Erb In 10 acquiring control of ot the Wisconsin Central rail railroad railroad road and turning it over to the Cana tana dian Pacific They also ask for tor an accounting of ot the deal whereby where y the Chesapeake Che t Ohio bought the th Chicago Cincinnati I Louisville and ask that the court re ye restraIn strain the payment of the purchase money until that is made mad The third accounting demanded d re is lates to a deal by which Erb la is alleged to have acquire at a low figure a block of stock of the Ann Arbor Rail Railroad Railroad road company Erb being chairman of ot I the board of ot directors of ot that road