Young v. United States Mortgage & Trust Co.
New York Supreme Court
Action by George W. Young against the United States Mortgage & Trust Company. On motion by defendant upon the trial judge’s minutes to set aside the verdict and obtain a new trial. Motion granted.
1Opinion of the CourtGiegerich, J.
The action was brought to recover a sum equal to 5 per cent, of the net profits of the defendant company from January 1, 1902, to March 30, 1905, which the plaintiff claims the defendant agreed to pay him, in addition to a fixed salary, in consideration of the continuation of his services as its president.
[1] On June 22, 1899, the plaintiff was receiving a salary of $25,-000 per year. Fie claims that on that date he had an interview with one Richard A. McCurdy, who was then a director of the defendant company and a member of its executive committee, and also the president of the Mutual Life…
2Cases cited8 opinions
- Hart v. . Hudson River Bridge CompanyNew York Court of Appeals · 1880
- Fealey v. . BullNew York Court of Appeals · 1900
- Colt v. . the Sixth Avenue Railroad CompanyNew York Court of Appeals · 1872
- Powell v. . PowellNew York Court of Appeals · 1877
- Luhrs v. Brooklyn Heights RailroadAppellate Division of the Supreme Court of the State of New York · 1896
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