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BENTON v. McCARTHY

No. 233, Docket 25928.

276 F.2d 956 (1960)

Thaddeus G. BENTON and J. Lamar Butler, Plaintiffs-Appellants, v. Glenn McCARTHY, Glenn McCarthy, Inc., and William McCarthy, Defendants-Appellees.

United States Court of Appeals Second Circuit.

Decided April 4, 1960.

Attorney(s) appearing for the Case

Thaddeus G. Benton, New York City (Neilson Olcott, Lawrence W. Krieger, and Leslie W. Gallt, New York City, on the brief), appellant pro se and for appellant J. Lamar Butler.

Leo B. Mittelman, New York City, for defendants-appellees.

Before CLARK, WATERMAN, and LEWIS, Circuit Judges.

PER CURIAM.

Defendant Glenn McCarthy, the owner of an oil and gas concession in Bolivia, desired to obtain financing for the development of the concession through the sale of an undivided interest in the lease. Such an agreement was entered into by defendant corporation and Keljikan Commercial Corporation, which purchaser was obtained through plaintiffs' efforts. The defendants, however, were unable to procure guarantees from the Mutual Securities Agency against expropriation...

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