Wiley v. Wirbelauer

Sometime in June, 1928, four silk dyeing establishments, which had been engaged in business in this state, merged into one company and now exist under the name of Associated Dyeing and Printing Corporation of Paterson. The defendant Wirbelauer became its president, and Wiley, the complainant, became its treasurer. The complainant alleges Wirbelauer collected part of a commission paid Abraham Axelrod, a promoter and broker, for services in effecting the merger, and fraudulently retains such proceeds, despite an agreement to pay him thirty-three and a third per cent. of the same. The defendant…