Steckler v. Newman

In an action to recover damages for conversion and breach of contract, defendants appeal from an order of the Supreme Court, Westchester County (Jiudice, J.), dated May 7, 1984, which denied their motion for summary judgment dismissing the first and second causes of action of the complaint.

Order affirmed, with costs.

This action arises out of a transfer by plaintiff to defendant Henry S. Newman of 100,000 shares of defendant corporation’s stock. The purpose of the transfer was so that Newman could compensate certain underwriters so that they would proceed with the public offering of the…