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Dryfuss v. Cowen

226 A.D. 651 Court First Department, English

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p. 651
First Department,
March, 1929.
Abbey Dryfuss, Respondent, v. Harry G. Cowen and Others, Copartners Doing Business under the Firm Name and Style of Cowen & Co., Appellants.

It is conceded that the first cause of action relates merely to damages for the unauthorized sell-out, measured by the difference in market value between the prices at which it is alleged the stocks were wrongfully sold and the highest market price within a reasonable time after the sale. Such demand for judgment has no relation to the moneys still in defendants’ hands concededly plaintiff’s due. Judgment and order affirmed, with costs. Present — Dowling, P. J., Merrell, McAvoy, Martin and Proskauer, JJ. Judgment affirmed, with costs.