Fein v. Starrett Television Corp.

Defendants appeal from a judgment vacating, on the ground of fraud, transfer of 49% of the common stock of defendant Starrett Television Corpgration (hereafter called Starrett) from plaintiffs to defendant Jacob Freidus (hereafter called defendant).

Plaintiffs supplied the know-how and defendant the money for the development of the business of Starrett. Fein was a mechanical engineer who had been engaged in industrial and management engineering. He was also a business consultant. Daniels had been engaged for twenty years in various branches of the radio business, and during part of that time…