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SIGMAN v. CLAAR BROS., INC.

184 F.Supp. 193 (1960)

Jack SIGMAN, as Trustee in Bankruptcy of Kunstler Importing Corp., Bankrupt, Plaintiff, v. CLAAR BROS., INC., Defendant.

United States District Court S. D. New York.

June 6, 1960.

Attorney(s) appearing for the Case

David Haar, New York City, for plaintiff.

Sheldon & Olshan, of New York City, Howard Sheldon, New York City, of counsel, for defendant.

DAWSON, District Judge.

This action, tried by the Court without a jury, is one wherein the plaintiff, as trustee in bankruptcy of Kunstler Importing Corp., sues defendant for $100,000 on the ground that the defendant in violation of § 18 of the General Corporation Law of the State of New York, and § 131 of the Banking Law of the State of New York, loaned money to the bankrupt to the extent of over $300,000, "taking as security for such loans certain promissory...

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