Asch v. M. Levy & Co.

All parties waived a jury. Plaintiff seeks recovery of damages, first, against the corporate defendant for breach of an employment contract, second, for breach of warranty of authority to act, against defendants Greenbanm, Baron and the estate of Tenie Levy, deceased. Morris Levy who owned the corporate business died in 1943. His widow, Tenie Levy, and defendants Greenbanm and Baron were trustees under the will of Morris Levy. As such they were trustees of 80% of the capital stock of M. Levy & Co. Inc., a jewelry and pawn brokerage business. The remaining 20% of the stock was owned by Herbert…