Newman v. Meisel-Galland Co.

Plaintiff, a judgment creditor of the defendant Meisel-Galland Co., Inc., seeks to set aside two judgments confessed by the latter to the defendants Lowenstein and Meskin *495immediately prior to the date of the entry of plaintiff’s judgment, on the ground that they constituted preferences in violation of the provisions of section 15 of the Stock Corporation Law (as amd. by Laws of 1929, chap. 653). Plaintiff also seeks a personal judgment against the defendants Meisel, Popkin and Peskin, who, at the time of the alleged preferences, were directors of the defendant corporation.

The defendants set…