STEINGUT v. GUARANTY TRUST CO. OF NEW YORK


58 F.Supp. 623 (1944)

STEINGUT et al. v. GUARANTY TRUST CO. OF NEW YORK (MILLARD et al., Interveners). UNITED STATES v. GUARANTY TRUST CO. OF NEW YORK (two cases).

District Court, S. D. New York.

December 15, 1944.


Attorney(s) appearing for the Case

Natanson, Pack & Scholer, of New York City, for plaintiff receivers.

Cravath, de Gersdorff, Swaine & Wood, of New York City (Albert R. Connelly, Samson Selig, and Samuel L. Scholer, all of New York City, of counsel), for intervener Millard.

Borris M. Komar, of New York City (David L. Sprung, of New York City, of counsel), for intervener Tillman.

Mathias F. Correa, U. S. Atty., of New York City, Francis M. Shea, Asst. Atty. Gen., and Daniel M. Sandomire, Louis W. Bookheim, Jr., Lester S. Jayson, Howard N. Meyer, and Joseph K. Reichbart, Sp. Assts. to Atty. Gen., for the United States.

Davis, Polk, Wardwell, Sunderland & Kiendl, of New York City (Ralph M. Carson, William C. Cannon, Francis W. Phillips, and William R. Meagher, all of New York City, of counsel), for defendant.


RIFKIND, District Judge.

On December 27, 1917, Russo-Asiatic Bank, a Russian corporation, had a credit balance with the defendant, Guaranty Trust Company, in New York, of $1,484,156.94. The plaintiffs in the equity action lay claim thereto as receivers of the assets in New York of the Russian Bank, appointed under § 977-b of the New York Civil Practice Act. The United States, as plaintiff in the two law actions, lays claim to the same balance as successor in...

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