Legal Opinion
American Surety Co. v. Gerold
New York Supreme Court
Decided June 7, 1939Published
1Opinion of the CourtBernstein, J.
Early in October, 1926,. certain employees of Dean, Onativia & Co., a firm of stockbrokers, converted funds of that firm and caused to be bought therewith a certificate of *325stock representing 100 shares of Standard Oil Company of California, a Delaware corporation, valued at $6,055. The certificate was issued in the name of “ John E. Edwards,” a fictitious name used by these employees for the purpose. On October 8, 1926, this certificate was received by the defendants, another stock brokerage firm trading as Josephthal & Company, and was credited to the account of one of their customers,…
2Cases cited9 opinions
- Pierpoint v. HoytNew York Court of Appeals · 1932
- McGrath v. . Carnegie Trust Co.New York Court of Appeals · 1917
- Hanlon v. Union Bank of MedinaNew York Court of Appeals · 1928
- American Surety Co. v. GeroldAppellate Division of the Supreme Court of the State of New York · 1938
- Northwestern Fire & Marine Insurance v. Fred T. Ley & Co.Appellate Division of the Supreme Court of the State of New York · 1933
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