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GUARANTY TRUST CO. v. JOHNS-MANVILLE CORPORATION

14 F.Supp. 792 (1935)

GUARANTY TRUST CO. OF NEW YORK et al. v. JOHNS-MANVILLE CORPORATION.

District Court, S. D. New York.

July 17, 1935.

Attorney(s) appearing for the Case

E. Clarkson Seward, of New York City (W. Saxton Seward, of New York City, and Cushman, Darby & Cushman, of Washington, D. C., of counsel), for plaintiffs.

Dean, Fairbank, Hirsch & Foster, of New York City (Clair W. Fairbank and S. Augustus Demma, both of New York City, of counsel), for defendant.

KNOX, District Judge.

Plaintiffs are trustees under the will of James W. Dillon, deceased. As such they are the owners of United States letters patent No. 1,385,741, July 26, 1921, for a sound deadener for building structures, of which decedent was both inventor and patentee.

Upon March 22, 1922, Dillon made an agreement with an assignor of defendant, under which the latter, in consideration of specified royalty payments, has acquired an exclusive license...

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