Anglo-Continentale Treuhand v. Bethlehem Steel Co.

New York Court of Appeals

Anglo-Continentale Treuhand v. Bethlehem Steel Co.

19 N.E.2d 89, 279 N.Y. 790, 1939 N.Y. LEXIS 957

CourtNew York Court of Appeals

DecidedJanuary 11, 1939

StatusPublished

Cited by2 cases

This text of 19 N.E.2d 89 (Anglo-Continentale Treuhand v. Bethlehem Steel Co.) is published on Counsel Stack Legal Research, covering New York Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Anglo-Continentale Treuhand v. Bethlehem Steel Co., 19 N.E.2d 89, 279 N.Y. 790, 1939 N.Y. LEXIS 957 (N.Y. 1939).

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Opinion

Per Curiam.

This action is the same in principle as the Zurich Insurance Company case (279 N. Y. 495), decided herewith. In the present litigation the trial justice granted plaintiff’s motion for summary judgment for the amount demanded in the complaint but the Appellate Division modified by reducing the judgment to amounts to conform with the theory that the Joint Resolution of Congress (U. S. Code, tit. 31, § 463) required payment of these coupons in foreign currency in a foreign country based upon the value of United States dollars as depreciated.

The judgment of the Appellate Division should be reversed and that of the Special Term affirmed, with costs in this court and in the Appellate Division to the plaintiffs, appellants.

Crane, Ch. J., Lehman, O’Brien, Loughran and Rippey, JJ., concur; Hubbs and Finch, JJ., dissent.

Judgment accordingly.

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Per Curiam.

This action is the same in principle as the Zurich Insurance Company case (279 N. Y. 495), decided herewith. In the present litigation the trial justice granted plaintiff’s motion for summary judgment for the amount demanded in the complaint but the Appellate Division modified by reducing the judgment to amounts to conform with the theory that the Joint Resolution of Congress (U. S. Code, tit. 31, § 463) required payment of these coupons in foreign currency in a foreign country based upon the value of United States dollars as depreciated.

The judgment of the Appellate Division should be reversed and that of the Special Term affirmed, with costs in this court and in the Appellate Division to the plaintiffs, appellants.

Crane, Ch. J., Lehman, O’Brien, Loughran and Rippey, JJ., concur; Hubbs and Finch, JJ., dissent.

Judgment accordingly.

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Bluebook (online)

19 N.E.2d 89, 279 N.Y. 790, 1939 N.Y. LEXIS 957, Counsel Stack Legal Research, https://law.counselstack.com/opinion/anglo-continentale-treuhand-v-bethlehem-steel-co-ny-1939.

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