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BULLOCK v. BECKER

52 Misc.2d 698 (1965)

H. Ridgely Bullock, Jr., Plaintiff, v. Morris S. Becker et al., Individually and Doing Business as Jay Trading Co., et al., Defendants. Morris S. Becker et al., Individually and Doing Business as Jay Trading Co., Third-Party Plaintiffs, v. Aaron Kozak et al., Third-Party Defendants.

Supreme Court, Special Term, New York County.

November 22, 1965

Attorney(s) appearing for the Case

Marshall, Bratter, Greene, Allison & Tucker (Morton S. Robson of counsel), for plaintiff. Kaye, Scholer, Fierman, Hays & Handler (Peter Morrison of counsel), for defendants and third-party plaintiffs. Robert J. Fitzsimmons and Copal Mintz for third-party defendants and for Samuel B. Weiss, defendant. Praeger & Sacher (Leo Praeger of counsel), for Nathan Silverman, defendant.

GEORGE TILZER, J.

Plaintiff is the owner of future interests in two trust estates which are distributable to him at three stages. He received a distribution in 1960 of one third of the principal in each estate. A second was to be made on June 16, 1964 and the final one third is to be made on June 16, 1969. Plaintiff is a college graduate, a sophisticate with some experience in business affairs. In 1960 and later he was in need of funds in addition to...

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