Fried v. Cano

DAWSON, District Judge.

This action, tried by the Court without a jury, is one by Elmer Fried, as Trustee in Bankruptcy of International Distributing Export Co., Inc. (hereinafter referred to as I.D.E.). The plaintiff alleges three causes of action:(1) To recover $11,500, the par value of 115 shares of preferred stock of I.D.E. issued to the defendant on January 2, 1950;(2) To recover the sum of $7,144.96, representing dividends paid to the defendant on the preferred stock of I.D.E. at a time when said corporation was insolvent, and(3) To recover the sum of $2,325, paid to the defendant…