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HURWITZ v. PINK

No. 210.

96 F.2d 605 (1938)

HURWITZ v. PINK, Superintendent of Insurance, et al. In re UNDERWRITERS FINANCE CORPORATION. Appeal of COHEN.

Circuit Court of Appeals, Second Circuit.

May 2, 1938.

Attorney(s) appearing for the Case

Henry Greenberg, of New York City (Emanuel Harris, of New York City, of counsel), for appellant.

Krause, Hirsch & Levin, of New York City (Sydney Krause, of New York City, of counsel), for appellee.

Before MANTON, AUGUSTUS N. HAND, and CHASE, Circuit Judges.

AUGUSTUS N. HAND, Circuit Judge.

Frank Cohen, a defendant who appeals from the decree herein, received $81,288.50 from the Underwriters Finance Corporation, and in exchange therefor delivered to it $10,000 bonds at par of the Seaboard Continental Corporation, and $300,000 bonds par of Tribune Bond & Mortgage Company, all of which were worthless. Out of the $81,288.50 in cash and other moneys obtained from unrelated sources securities were purchased through various...

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