Greene v. New York United Hotels, Inc.

These appeals bring up for review an order denying a motion to dismiss the complaint and an order appointing a receiver of the defendant New York United Hotels, Inc. Plaintiff is the holder of five debenture bonds secured by a trust mortgage upon the property of the New York United Hotels, Inc. Coupons maturing upon these bonds on April 1, 1932, were not paid. Plaintiff as a creditor to the extent of his unpaid coupons brought this action on behalf of himself and other bondholders similarly situated. The relief demanded in the complaint is the appointment of a receiver “ both permanent and…