Court Opinion

ID: 9642882
Source: CourtListenerOpinion
Date Created: 2023-08-22 18:11:28.132227+00
Date Added: 2024-06-11T18:05:15.427490
License: Public Domain

On Petition for Rehearing.
SOPER, Circuit Judge.
The petition for rehearing raises no new point, and must be overruled. It is, however, stated in the petition for rehearing that the National Bondholders Corporation has already received substantial payments on account of its claim against the Surety Company, and that additional payments are expected to be made in the future; and it is suggested that if the corporation also recovers from the bank the amount paid by Lazarus on his notes, then the corporation will have received about 160% on the Lazarus notes. This is a matter for adjustment between the corporation and the Surety Company, and nothing in the opinion is intended to hold that the amount to be paid to the corporation by the bank as the result of the judgment in this case should not be taken into account in ascertaining the amount due to the corporation by the Surety Company.
The petition assumes that it was not the intention of the court under any *148circumstances to require the bank to pay to the corporation the sum of $300 which was paid by Lazarus to the Guaranty Company as a bonus. This point was not raised in the briefs in this case and was not passed upon in the opinion of the court. It may be considered by the District Court to which the case is remanded for a new trial.