Ledirk Amusement Co., Inc. v. Schechner

By contract dated June 26th, 1939, Mutual Theatre Company sold to the defendant R.L.S. Corporation the Palace and Colonial theatres in Orange. The defendant Samuel Schechner was one of the principal stockholders and an officer of R.L.S. Corporation and represented it in the negotiations leading to the purchase of the theatres. The complainants allege that at and prior to the time of the purchase, Schechner was their confidential agent or broker, negotiating the purchase by complainants of the same two theatres; that he betrayed their trust in buying for his own company, and they pray that the…