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MATTER OF PETER PUPPET PLAYTHINGS, INC.

10 A.D.2d 866 (1960)

In the Matter of the General Assignment for the Benefit of Creditors of Peter Puppet Playthings, Inc. Harris Levin, Appellant; Julia Adams et al., Respondents

Appellate Division of the Supreme Court of the State of New York, Second Department.

April 11, 1960

Order affirmed, with $10 costs and disbursements. The claims herein involved were for severance pay to employees of the assignor.

The assignor's collective-bargaining agreement provided for such severance pay in the event it "desire[d] to liquidate" and did liquidate its business. There was no provision for severance pay if employee were discharged "for just cause". In this case, appellant (the assignee) contends that the termination of respondents' employment upon...

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