Newburger, Loeb & Co. v. Gross
Court of Appeals for the Second Circuit
1Opinion of the Court
LUMBARD, Circuit Judge:
These appeals and cross appeals from a judgment of the Southern District, Owen, Judge, are the latest chapter in the financial misfortunes of New York brokerage firm of Newburger, Loeb & Co. (hereinafter the “Partnership”) and its successor, New-burger, Loeb & Co., Inc. (hereinafter the “Corporation”) during the years 1969-71, which resulted in the departure of the managing partner, Charles Gross, and the arrangements made by the survivors and others to reorganize and rescue the business.
We affirm so much of the judgment of the district court which:(1) Dismissed, as…
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