Stoddard v. Guy
Appellate Division of the Supreme Court of the State of New York
Appeal by the plaintiff, Francis B. Stoddard, Jr., from an order of the Supreme Court, made at the New York Special Term and entered in the office of the clerk of the county of New York on the 11th day of July, 1923, denying his motion to strike out a certain defense and the defendant’s counterclaim.
1Opinion of the Court
Smith, J.:
The action is brought by the Superintendent of Insurance of the State of New York, liquidator of the Casualty Company of America, as the Casualty Company of America was upon the verge of bankruptcy. They needed more money and this was sought to be obtained from a corporation to be formed called the Beorganization Finance Corporation. The stock of this Beorganization Finance Corporation was to be subscribed for by those interested in reviving the Casualty Company of America. The defendant subscribed $2,500 and has paid $1,300, and this action is to recover the balance of $1,200 upon…
2Cited by1 opinion
- Van Schaick v. Lincoln Dye Works, Inc.New York Supreme Court · 1933