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Schultze v. Manufacturers Trust Co.

251 A.D. 727 Court N.Y. App. Div. Decision date 1937-05-07 English

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p. 727
Louis F. Schultze, as Receiver of S. W. Straus & Co., Incorporated, a New York Corporation, Appellant, v. Manufacturers Trust Company, Respondent.

Action by a receiver to compel restitution of assets and property of a corporation pledged with defendant to secure loans advanced to another corporation, in which the corporation (of which plaintiff is receiver) was interested as a stockholder and otherwise. Judgment dismissing the complaint on the merits unanimously affirmed, with costs. No opinion. Present — Carswell, Adel, Taylor and Close, JJ.; Lazansky, P. J., not voting.