STEIN v. DELANO

Civ. A. No. 829.

35 F.Supp. 260 (1940)

STEIN et al. v. DELANO, Comptroller of Currency, et al.

District Court, D. New Jersey.

October 16, 1940.


Attorney(s) appearing for the Case

Kristeller & Zucker and Saul J. Zucker, all of Newark, N. J., for plaintiffs and intervening plaintiffs Walter H. Cole and Frank W. Miller.

Bilder, Bilder & Kaufman and Walter J. Bilder, all of Newark, N. J., for intervening plaintiffs Edward M. Waldron, William J. Waldron, Robert E. Waldron, Samuel F. Dixon, Bernard Miller, Philip Lindeman, Arthur W. Barlow and Edward M. Waldron, executor of Estate of Mary Waldron, deceased.

Burnett & Trelease and Charles C. Trelease, all of Newark, N. J., for intervening plaintiffs Harvey G. Redden and John I. Spooner.

Armstrong & Mullen and Arthur C. Mullen, all of Jersey City, N. J., for intervening plaintiffs John F. Monahan and Frank J. McCann.

Harrison & Roche and Robert F. Darby, all of Newark, N. J., for receiver of New Jersey Nat. Bank & Trust Co. of Newark, N. J., and appearing specially for Preston Delano, Comptroller of Currency of United States of America.


WALKER, District Judge.

This matter, by agreement of counsel, comes before the Court on final hearing.

The facts are:

1. The New Jersey National Bank and Trust Company of Newark, New Jersey, was and is a national banking association, organized and existing under the laws of the United States of America.

2. On or about June 11, 1932, the then Comptroller of the Currency of the United States of America, pursuant to authority (Title 12 U.S.C....

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