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McGLYNN v. SCHULTZ

90 N.J. Super. 505 (1966)

218 A.2d 408

ROGER H. McGLYNN, RECEIVER OF NEPTUNE CENTER ASSOCIATES, PLAINTIFF, v. MORTIMER L. SCHULTZ, RICHARD W. SIEBERT, DAVID H. JACKSON, GERALD I. LEBAU, JACK E. PORTIS, ALEXANDER C. GREYSON, THOMAS H. VAUGHN, OTTO RUBENS, NORMAN R. BERSON, RAYMOND F. WHITE, AND SHERMAN I. HIRSCHFELD, DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided March 21, 1966.

Attorney(s) appearing for the Case

Mr. Albert G. Besser for plaintiff (Messrs. Hannoch, Weisman, Myers, Stern & Besser, attorneys).

Mr. Mortimer L. Schultz, pro se.

Mr. Louis Kraemer for defendants Richard W. Siebert, David H. Jackson, Gerald I. Lebau, Jack E. Portis, Alexander C. Greyson, Thomas H. Vaughn and Sherman I. Hirschfeld.

Mr. George S. Hochberg for defendants Norman R. Berson and Raymond F. White (Messrs. Waldor, Beckerman, Hochberg & Franzblau, attorneys).

MINTZ, J.S.C.

Plaintiff, receiver of Neptune Center Associates (N.C.A.), a limited partnership of New Jersey, seeks damages from the defendants for their alleged active participation or negligent acquiescence in the diversion by Office Buildings of America, Inc. (O.B.A.) of $414,900 asserted to be trust funds belonging to the partnership. These funds consist of the moneys originally invested in the partnership by the partners for the specific purpose of acquiring...

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