Kittredge v. Langley

This case is the sequel of Kittredge v. Grannis, the career of which has covered twelve years in the courts, including four appeals to the Court of Appeals. In April, 1908, the plaintiff delivered certain bonds to Coster, Knapp & Co., a firm of stockbrokers. A few days later this firm transferred some of the bonds to Grannis & Lawrence, another firm of stockbrokers, who paid $86,000 for the bonds and sold them to third parties for a like amount. Shortly thereafter Coster, Knapp & Co. went *362into bankruptcy. The plaintiff claimed that the transfer by Coster, Knapp & Co. to Grannis & Lawrence was…