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C. I. T. FINANCIAL CORPORATION v. GLOVER

No. 174, Docket 23198.

224 F.2d 44 (1955)

C. I. T. FINANCIAL CORPORATION, Plaintiff-Appellant, v. Patrick W. R. GLOVER et al., Defendants-Appellees.

United States Court of Appeals Second Circuit.

Decided June 10, 1955.

Attorney(s) appearing for the Case

Isidor J. Kresel, New York City (Kresel & Meyerson, Melbourne Bergerman, Eugene F. Back, and Homer Kripke, New York City, on the brief), for plaintiff-appellant.

William Power Maloney, New York City (Mendes & Mount, John A. Garrity, Saul Levy, and Edward L. Keefe, New York City, on the brief), for defendants-appellees.

Before CLARK, Chief Judge, MEDINA, Circuit Judge, and DIMOCK, District Judge.

CLARK, Chief Judge.

The plaintiff, Commercial Investment Trust Financial Corporation (C.I.T.), sued the firm of Barrow, Wade, Guthrie & Co. (B.W.G.), certified public accountants, to recover for losses incurred by plaintiff through the bankruptcy of its debtor, Manufacturers Trading Corporation (M.T.C.), in October, 1948. In the course of its lending business plaintiff had lent M.T.C. some $1,440,000 on October 17, 1945...

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