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PEOPLE v. BUNGE CORP.

25 N.Y.2d 91 (1969)

The People of the State of New York, Plaintiff, v. Bunge Corporation, Walter Charles Klein and Richard D. Forti, Defendants. In the Matter of Manufacturers Hanover Trust Company et al., Appellants, v. Louis J. Lefkowitz, as Attorney-General of the State of New York, et al., Respondents. In the Matter of Insurance Company of North America et al., Appellants, v. Louis J. Lefkowitz, as Attorney-General of the State of New York, et al., Respondents.

Court of Appeals of the State of New York.

Decided July 1, 1969.

Attorney(s) appearing for the Case

Covington Hardee, G. Clark Cummings, Leonard P. Gaines and Kendor P. Jones for Manufacturers Hanover Trust Company and others, appellants.

Anthony F. Phillips, Joseph M. Callahan, Mark F. Hughes, George B. Warburton and Louis A. Craco for Insurance Company of North America and others, appellants.

Philip C. Scott and Marc J. Luxemburg for Bunge Corporation and others, respondents.

Louis J. Lefkowitz, Attorney-General (Samuel A. Hirshowitz, Meyer H. Mencher and Charles J. McDonough of counsel), for Attorney-General, respondent.

Chief Judge FULD and Judges BURKE, SCILEPPI, BERGAN and BREITEL concur.

JASEN, J.

This appeal brings up for review a construction of article 23-A of the General Business Law, popularly known as the Martin Act.

These companion proceedings had their genesis in the well-known salad oil scandal in which Anthony De Angelis and his corporate vehicle, Allied Crude Vegetable Oil Refining Corporation (Allied), were involved. The scandal became...

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