Green v. Selznick

This is an action brought by the payee of two notes made by the Select Pictures Corporation and indorsed by the defendants Louis Selznick and Florence A. Selznick before delivery. The complaint is in the usual form and demands judgment for $142,000 and interest. The answer of each of the appellants sets up four separate affirmative defenses.

It appears that the Select Pictures Corporation, hereinafter called the old corporation, the maker of said notes, became financially involved and an attempt was made by its stockholders, officers and creditors to devise a method by which the assets of the…