1. Home
  2. Browse Decisions
  3. N.J.
  4. 67 N.J.
  5. 67 N.J. Super. 514 (1961)
 

LOWER MAIN ST. MERCHANTS ASS'N v. PAUL GELLER

67 N.J. Super. 514 (1961)

171 A.2d 21

LOWER MAIN STREET MERCHANTS ASSOCIATION, A NON-PROFIT CORPORATION OF THE STATE OF NEW JERSEY, AND SPIRA CLOTHING CO., INC., A CORPORATION OF THE STATE OF NEW JERSEY, PLAINTIFFS, v. PAUL GELLER & CO., INC., A CORPORATION OF THE STATE OF NEW JERSEY, AND GELLER CLOTHES CORP., A CORPORATION OF THE STATE OF NEW JERSEY, DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided May 11, 1961.

Attorney(s) appearing for the Case

Mr. Hillard Chapnick for the plaintiffs (Messrs. Krugman & Chapnick, attorneys).

Mr. Melvin N. Fine for the defendants.

Mr. Adolph A. Romei for the City of Paterson (Mr. Theodore D. Rosenberg, attorney).

GRIMSHAW, J.S.C.

The defendant Paul Geller & Co., Inc. has been for a number of years in the business of selling men's clothing at retail in the City of Paterson. In December of 1960 Paul Geller & Co. became financially embarrassed. A meeting of its creditors was held and as a result thereof it was agreed that they would accept a settlement of 35%, payable 20% in cash and 15% in notes. A new corporation, known as Geller Clothes Corp., was formed, the stockholders...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases