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BROWNSTEIN v. FIBERONICS INDUSTRIES

110 N.J. Super. 43 (1970)

264 A.2d 262

STEVEN I. BROWNSTEIN, PLAINTIFF, v. FIBERONICS INDUSTRIES, INC., A CORPORATION OF THE STATE OF NEW JERSEY, DEFENDANT.

Superior Court of New Jersey, Chancery Division.

Decided April 15, 1970.

Attorney(s) appearing for the Case

Mr. James Greenberg, court appointed attorney for receiver Stanton D. Freeman. (Messrs. Greenberg, Shmerelson & Greenberg, attorneys).

Mr. Richard E. Beck, for defendants C & S Machinery Company, Inc., and Floyd A. New and E.W. Thompson, Jr., doing business as Greensboro Wood Products Company.

WICK, J.S.C.

This is a proceeding to determine certain rights and liabilities for the receiver of an insolvent corporation.

Plaintiff, as a creditor of Fiberonics Industries, Inc., originally brought this action seeking the appointment of a receiver pursuant to N.J.S.A. 14A:14-2. The complaint was filed in this court on October 14, 1969 and a statutory receiver was appointed after a determination that...

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