Curley v. Smith

The complaint herein sets forth three substantially similar causes of action against each one of four stockbrokers, the first being based on the provisions of section 15 of the Stock Corporation Law; the second on section 274 of the Debtor and Creditor Law, and the third on subdivision 5 of section 60 of the General Corporation Law.

Plaintiff claims that Born, the president of the corporation of which he is now receiver, caused corporate moneys to be transferred to defendants (between 1927 and 1929) in payment of personal debts of Born, at a time when the corporation was indebted to one…