Deitch v. Kessler

Plaintiff seeks to recover damages and alleges in his complaint four causes of action: the first, in conversion, the second, in conspiracy, the third, in duress and the .-fourth, in usury. The case was tried without a jury.

The undisputed evidence in essence established that plaintiff and defendant Kessler were the sole stockholders of Kesdiet Realty Corp. (hereinafter referred to as K Corp.) Plaintiff owned 49 shares of the stock and Kessler 51 shares. K Corp. ’s sole asset was some 20 odd acres of land, purchased for the purpose of constructing houses thereon for resale. On August 30, 1954…