MARCUS v. OTIS

No. 257, Docket 20969.

168 F.2d 649 (1948)

MARCUS v. OTIS et al.

Circuit Court of Appeals, Second Circuit.

May 20, 1948.


Attorney(s) appearing for the Case

Kenneth M. Spence and Spence, Hotchkiss, Parker & Duryee, all of New York City (Julius J. Teller, of New York City, and Thomas L. Howe, of White Plains, of counsel), for appellants Otis, Franklin, Hutchinson and Harrison.

Robert P. Patterson and Charles L. Sylvester, both of New York City (Sidney G. Kingsley, of New York City, and Ambrose L. Cram, of Roslyn Estates, of counsel), for appellants Eugene A. Tracey and Marie L. Tracey.

Kent H. Meyers, of Cleveland, Ohio, and Robert E. Connolley, of New York City, for appellant Kuth.

Abraham Marcus, pro se.

Samuel Marion, of New York City, for appellees, Miller and Smigel.

Clifton P. Williamson and Alexander & Green, all of New York City (James D. Ewing, of New York City, of counsel), for Automatic Products Corporation.

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


L. HAND, Circuit Judge.

The case comes up upon appeals by the defendants from a judgment holding them liable, as directors of the Automatic Products Corporation, a Delaware corporation, for the conversion of 116,500 shares of stock in another corporation, Majestic Radio & Television Corporation, which the Automatic Products Corporation had bought from a third corporation — Allen B. DuMont Laboratories, Inc.1 The judge held the...

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