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DEMBAR v. REYNOLDS & CO.

40 Misc.2d 84 (1963)

Asia Dembar et al., Plaintiffs, v. Reynolds & Co. et al., Defendants.

Supreme Court, Special Term, New York County.

July 2, 1963

Attorney(s) appearing for the Case

Stuart D. Wechsler (Richard A. Green of counsel), for plaintiffs. Townsend & Lewis (E. H. Lumbard, D. F. X. Finn and T. J. Finnegan, Jr., of counsel), for Reynolds & Co., defendant. Maurice, McNamee & White (Steward Maurice and Charles R. McNamee of counsel), for North Jersey Trust Company, defendant.

ABRAHAM N. GELLER, J.

Plaintiffs, 13 former customers of First Discount Corporation, a securities factor not a party hereto and now in receivership (see SEC v. First Discount Corp. et al., 1961 Civ. Act. No. 1934 [U. S. Dist. Ct. S. D. N. Y.]), herein sue Reynolds & Co. (a stockbroker) and North Jersey Trust Company (a bank) for conversion of their securities by participating with, aiding and assisting...

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