Berger v. Levin

HENDRY, Judge.

Appellant Berger filed his complaint below, charging the appellees and a third defendant, J. & E. Realty Inc., with conspiring to destroy the value of certain stock pledged as collateral security to him for money due and owing. The facts giving rise to this litigation show that Berger and Mr. and Mrs. Levin were sole co-owners of stock in a corporation known as Jubliee Trailer Park, Inc. In 1967, Berger sold his entire interest which was 25% of the outstanding shares to the corporation which thus became entirely controlled by the Levins with their 75% interest. Prior to that…