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MATTER OF HUGHES & CO. (WILSON)

9 Misc.2d 14 (1957)

In the Matter of the General Assignment for the Benefit of Creditors of Hughes & Company, Inc., Assignor, to Herbert P. Wilson, Assignee.

Supreme Court, Special Term, New York County.

September 5, 1957.

Attorney(s) appearing for the Case

William M. Kahn for assignee.

Edwin L. Smith for Republic of Argentina.

OWEN McGIVERN, J.

Motion to stay action is denied.

The Republic of Argentina, concededly a foreign sovereign, has brought a plenary action in this court, alleging that its funds were converted by defendant Hughes & Company. Joined as defendants are officers and directors of the corporate defendant, who are accused of participating in the alleged conversion, and its assignee for the benefit of creditors. It is alleged that funds of the Republic...

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