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PERLMUTTER v. DeROWE

58 N.J. 5 (1971)

274 A.2d 283

PAUL PERLMUTTER, SIDNEY KRONHEIM AND SAMUEL MEYERSON, PLAINTIFFS-RESPONDENTS, v. MARKUS DeROWE, DEFENDANT-APPELLANT.

The Supreme Court of New Jersey.

Last supplemental memorandum filed January 13, 1971.

Decided March 1, 1971.

Attorney(s) appearing for the Case

Mr. Martin G. Holleran argued the cause for defendant-appellant (Mr. Edward C. Laird, on the brief).

Mr. Martin S. Goldman argued the cause for plaintiffs-respondents (Messrs. Goldman, Goldman & Caprio, attorneys; Mr. Martin S. Goldman, of counsel).

The opinion of the Court was delivered by HALL, J.

Plaintiffs sued defendant in the Law Division to recover $50,000 they had delivered to him, partly for their purchase of stock in a corporation in which he was a large stockholder, and partly as a loan, for certain specified purposes, to defendant personally or to the corporation with his personal guaranty. Allegedly the stock was not delivered and the loan not repaid. The transaction took place in New York; defendant...

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