IRVING TRUST CO. v. STATE BANKERS' FINANCIAL CORPORATION


40 F.2d 88 (1930)

IRVING TRUST CO. v. STATE BANKERS' FINANCIAL CORPORATION et al.

District Court, S. D. New York.

April 5, 1930.


Attorney(s) appearing for the Case

Ernst, Gale & Bernays, of New York City (Murray C. Bernays and Abraham Friedman, both of New York City, of counsel), for plaintiff.

David W. Kahn, of New York City, for defendant State Bankers' Financial Corporation.

Lind, Shlivek, Marks & Brin, of New York City, for defendant Samuel Schuckman.

Dean, King, Smith & Taylor, of New York City (George M. Welch, of New York City, of counsel), for defendant Lawyers' Trust Co.

Max Jelline, of New York City, for defendants Harris Mindlin, Israel Kopeloff, Louis Goldfarb, and Alexander Goldberg.

Jacob Lippman, of New York City, for defendant Samuel Levine.

Josephine M. Steinbugler, of Brooklyn, N. Y. (Joseph S. Robinson, of New York City, of counsel), for defendants Ernest Rapsch and Karl Burg.


THACHER, District Judge (after stating the facts as above).

State Capital was organized in May, 1928, and from that time until September 17, 1929, when it closed its doors, had its offices at 170 Broadway, New York City, where it was engaged in the business of selling the capital stock of State Bankers and in buying and selling unlisted securities, principally bank and insurance stocks, in so-called "over the counter" transactions. The affairs of this corporation...

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