LEVENSON v. LITTLE


90 F.Supp. 1022 (1950)

LEVENSON (SPIELBERGER et al., Intervenors) v. LITTLE et al. SPIELBERGER v. LITTLE et al.

United States District Court S. D. New York.

March 21, 1950.


Attorney(s) appearing for the Case

Bijur & Herts, New York City, for plaintiffs.

Spence, Hotchkiss, Parker & Duryee, New York City, James H. Halpin, John E. Massengale, New York City, of counsel, for defendant Textron Incorporated.

Otterbourg, Steindler, Houston & Rosen, New York City, for defendant American Associates, Inc.


CONGER, District Judge.

Motion in each action by the defendant Textron Incorporated for security pursuant to Section 61-b of the New York General Corporation Law, McK.Consol.Laws, c. 23.

The Supreme Court's decision in Cohen v. Beneficial Industrial Loan Corp., 337 U.S. 541, 69 S.Ct. 1221, 93 L.Ed. 1528, makes the application of Section 61-b mandatory upon this Court.

The plaintiffs' suggestion that Section 61-b is inapplicable...

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