Sachs v. Feinn

It is alleged that the three defendants Feinn and defendant George Weledniger were the officers and directors and the owners of all the stock of the Newark Company, which had assets of about $49,000 and debts of something over $40,000; that they constituted themselves on January 6th, 1928, trustees under the statute for the winding up and dissolution of that corporation; that at the same time they organized another corporation to be known as The Feinn Distributing Company, to take over the assets of the Newark Company; that thereafter the three defendants Feinn and the defendant The Feinn…