Newfield v. Stieglitz

GALSTON, District Judge.

This cause was tried without a jury. It has been settled as to all of the defendants except the Receiver of the First National Bank and Trust Company of Yonkers, New York, and involves as to him only the second and the fourth causes of action.

From the complaint it appears that A. Stieglitz & Co., Inc., was incorporated under the laws of the State of New York in 1913, with an authorized capital stock of $125,000. It is alleged that all of the stock was issued but in the course of the trial it did not appear that all of such stock was issued for value, or indeed that any…