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BRESNICK v. FRANKLIN CAPITAL CORP.

10 N.J. Super. 234 (1950)

77 A.2d 53

CARL BRESNICK AND ANOTHER, PARTNERS, ETC., PLAINTIFFS-RESPONDENTS, v. FRANKLIN CAPITAL CORPORATION AND OTHERS, DEFENDANTS-APPELLANTS.

Superior Court of New Jersey, Appellate Division.

Decided November 22, 1950.

Attorney(s) appearing for the Case

Mr. Harry Green argued the cause for the respondents.

Mr. Elmer O. Goodwin argued the cause for the appellants Franklin Capital Corporation and Franklin Mortgage and Title Insurance Company.

Mr. Milton M. Unger argued the cause for the appellant Franklin Washington Trust Company (Messrs. Milton M. and Adrian M. Unger, attorneys).

Before Judges JACOBS, EASTWOOD and BIGELOW.

The opinion of the court was delivered by BIGELOW, J.A.D.

This is an appeal from a final judgment of the Chancery Division enjoining the Franklin Capital Corporation and its two subsidiaries from putting into effect a plan of reorganization, — using that term in a rather broad sense. The Capital Corporation owns all the capital stock of the Franklin Mortgage and Title Insurance Company and five-eighths of the common stock of the Franklin Washington Trust Company...

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