Drake v. Taylor
U.S. Circuit Court for the District of Southern New York
In equity. This was a motion for a provisional injunction. The plaintiffs [James Drake and others] were merchants and bankers, residing in London, and composing the firm of Drake, Kleinwort & Cohen.
Read the full summary
In equity. This was a motion for a provisional injunction. The plaintiffs [James Drake and others] were merchants and bankers, residing in London, and composing the firm of Drake, Kleinwort & Cohen. In April, 1867, the plaintiffs, through Simon De Yisser, their agent at New York, issued a letter of credit, at New York, to the defendant Henry W. Hubbell, authorizing drafts ■at four or six months after sight to be drawn ■on the plaintiffs at London, by a house in Hong Kong and two houses in Manilla, for account of Hubbell and the defendant Rob-ert L. Taylor, (under the name of Taylor & Hubbell,…
1Opinion of the Court
BLATCHFORD,
District Judge. The claim of the plaintiffs to have an injunction restraining the assignees from disposing of sc much of the assigned property as shall leave in their hands insufficient to pay the plaintiffs the $200,000, is based on the proposition that the plaintiffs have am equitable lien on the insurance money, and on that which is the substantial representative thereof, in the hands of the assignees, and that they are entitled to a decree that they have a prior lien in equity upon so much of the assigned estate in the hands of the assignees, as will pay the $200,000. In regard…
2Cited by1 opinion
- Wason v. MartelSupreme Court of New Hampshire · 1896