ABREY v. REUSCH


153 F.Supp. 337 (1957)

Richard H. ABREY, Plaintiff, v. Dr. Jur. Walther REUSCH and Douglas W. Hartman, members, Dr. Walther Skaupy, Dr. Walter Clemens and Richard D. Kearney, deputy members, and David A. Stretch, chairman, of the Board for the Validation of German Bonds in the United States (Bereinigungsstelle fuer deutsche Bonds in den Vereinigten Staaten); Vereinigte Stahlwerke Aktiengesellschaft (United Steel Works Corporation); Rheinstahl-Union Maschinen-Und Stahlbau Aktiengesellschaft; Gelsenkirchener Bergwerks-Aktiengesellschaft; Hamborner Bergbau Aktiengesellschaft; Erin Bergbau Aktiengesellschaft; Dortmund-Hörder Hüttenunion Aktiengesellschaft; Rheinische Röhrenwerke Aktiengesellschaft; Hüttenwerke Phoenix Aktiengesellschaft; Rheinisch-Westfälische Eisen-Und Stahlwerke Aktiengesellschaft; Hüttenwerke Siegerland Aktiengesellschaft; and Irving Trust Company, and Dillon, Read & Co., Defendants.

United States District Court S. D. New York.

Supplemental Opinion April 12, 1957.


Attorney(s) appearing for the Case

Curtis, Mallet-Prevost, Colt & Mosle, New York City, Ernest A. Gross, New York City, of counsel, for plaintiff.

Davis, Polk, Wardwell, Sunderland & Kiendl, New York City, S. Hazard Gillespie, Jr., Frederick A. O. Schwarz, New York City, Edmund T. Ross, Eastchester, N. Y., of counsel, for defendants Dr. Jur. Walther Reusch and Douglas W. Hartman, members, Dr. Walther Skaupy, Dr. Walter Clemens and Richard D. Kearney, deputy members, and David A. Stretch, chairman, of the Board for the Validation of German Bonds in the United States.

Shearman & Sterling & Wright, New York City, Chauncey B. Garver, Charles C. Parlin, Jr., Robert Carswell, New York City, of counsel, for defendants Vereinigte Stahlwerke Aktiengesellschaft (United Steel Works Corporation), Rheinstahl-Union Maschinenand Stahlbau Aktiengesellschaft, Gelsenkirchener Bergwerks-Aktiengesellschaft; Hamborner Bergbau Aktiengesellschaft, Erin Bergbau Aktiengesellschaft; Dortmund-Horder Hüttenunion Aktiengesellschaft, Rheinische Röhrenwerke Aktiengesellschaft, Hüttenwerks Phoenix Aktiengesellschaft, Rheinisch-Westfälische Eisenund Stahlwerke Aktiengesellschaft, Hüttenwerke Siegerland Aktiengesellschaft and Irving Trust Co.

Cahill, Gordon, Reindel & Ohl, New York City, for defendant Dillon, Read & Co.


HERLANDS, District Judge.

The pending motions in this litigation present a problem of judicial review in the field of international administrative law.

Plaintiff holds two hundred and forty-five $1,000 bearer bonds issued by a German corporation, Vereinigte Stahlwerke Aktiengesellschaft. (This corporation and its successors are referred to as the "Steel Works.") Those bonds have been declared invalid by an international administrative agency, the "Board for...

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