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COHEN v. INDUSTRIAL FINANCE CORPORATION

44 F.Supp. 491 (1942)

COHEN v. INDUSTRIAL FINANCE CORPORATION et al.

District Court, S. D. New York.

January 15, 1942.

Attorney(s) appearing for the Case

Bondy & Schloss, of New York City (Eugene L. Bondy, of New York City, of counsel), for complainant.

Jay Leo Rothschild, of New York City (Walter S. Beck, of New York City, of counsel), for defendants.

LEIBELL, District Judge.

This is a suit by a stockholder of Industrial Acceptance Corporation against two corporations, Industrial Finance Corporation and Morris Plan Corporation which are alleged to have conspired to deprive Industrial Acceptance Corporation of its working capital, to transfer its liquid assets to Industrial Finance Corporation for investment in Morris Plan Corporation and thus to put Industrial Acceptance Corporation out of business. The latter...

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