Alan Drey Company, Inc. v. Generation, Inc.

Plaintiff-appellee, Alan Drey Co., Inc. (hereinafter Alan Drey), recovered a judgment by confession against defendant, Generation, Inc. (hereinafter Generation) in March 1971, in the amount of $98,376. Shortly thereafter, defendant moved to vacate the judgment. While this motion was still pending and while all proceedings on the judgment were stayed, defendant, Generation, Inc., sold subscription lists to McGrawHill, Inc. (hereinafter McGraw-Hill), for $150,000 cash. After Drey’s judgment against Generation had been confirmed and in a supplementary proceeding, plaintiff sought judgment…