In re Shuchman

OPINION OF THE COURT

Petitioner moves to confirm a Referee’s report recommending respondent’s disbarment. Respondent was admitted on October 29, 1942 in the Second Judicial Department and he presently has an office for the practice of law in the First Judicial Department.

The respondent admitted before the Referee that, while acting as a trustee, he converted stock with a value of approx*548imately $39,000. He had improperly pledged this stock with the National Bank of Westchester for personal loans totaling $24,000. The respondent now owes the bank and the stock owners a sum in excess of $34,000.

Th…