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RIPKA v. PHILCO CORPORATION

65 F.Supp. 21 (1945)

RIPKA v. PHILCO CORPORATION.

District Court, S. D. New York.

On Motion November 7, 1945.

Attorney(s) appearing for the Case

Emanuel Becker, of New York City (Abraham N. Davis, of New York City, of counsel), for plaintiff.

Sullivan & Cromwell, of New York City (John F. Dooling, Jr., of New York City, of counsel), for defendant.

LEIBELL, District Judge.

Plaintiff, the assignee of Benjamin A. Javits as trustee, and of Jacob K. Javits as trustee, and of Benjamin A. Javits and Jacob K. Javits, copartners, sues for a rescission of the sale to Philco Corporation of 25,000 shares of common stock of National Union Radio Corporation, made by plaintiff's assignors on April 14, 1942, for $16,862.50, after negotiations that will be hereinafter discussed in some detail. The basis for the rescission as...

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