Kaufman v. Leff

Carr, P. J.,

This is an action in equity brought to determine the beneficial ownership of certain shares of the capital stock of a business corporation originally issued as qualifying shares to one of its directors, and to establish the existence of a trust therein by the terms of which he was to hold and vote the shares until the beneficial owners thereof should jointly appoint a successor trustee or agree to terminate the trust.

Plaintiffs are Nathan Kaufman and Joseph W. Ray, Jr., and defendants Samuel Leff and N. Kaufman’s, Inc. In their bill plaintiffs allege that Kaufman and Leff…