United States Plywood Corp. v. Neidlinger

Pee Cueiam.

The defendant Neidlinger had for many years conducted a business which involved his purchase of plywood materials and their installation in buildings under construction. In 1959, he discovered that his trusted bookkeeper had embezzled about $200,000 and, as a result, the business was insolvent. He consulted his attorney, the late Alfred J. Peer, who scheduled a meeting for May 18, 1959. The notice of the meeting was addressed to each of the defendant’s creditors and stated that cooperation “with respect to the settlement of the various claims” was required “in order to effect some…