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HOWELL v. PORT OF NEW YORK AUTHORITY

Civ. No. 435.

34 F.Supp. 797 (1940)

HOWELL v. PORT OF NEW YORK AUTHORITY.

District Court, D. New Jersey.

August 28, 1940.

Attorney(s) appearing for the Case

Benjamin M. Cohen, of Camden, N. J., for complainant.

Russell E. Watson, of New Brunswick, N. J., for defendant, appearing specially.

Julius Henry Cohen, Leander I. Shelley, and Mortimer S. Edelstein, all of New York City, for defendant.

WALKER, District Judge.

1. The complaint filed herein alleges: The Port of New York Authority (hereinafter referred to as "The Authority") deposited funds with the Ocean City National Bank (hereinafter referred to as "Bank") at various times, and the Bank secured said deposits with certain negotiable securities, a part of which were sold after the bank suspended business and from the proceeds thereof The Authority was paid the full amount to its credit at the time...

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