Waterman Corp. v. Johnston

Appellate Division of the Supreme Court of New York

Waterman Corp. v. Johnston

276 A.D.2d 1064

CourtAppellate Division of the Supreme Court of the State of New York

DecidedApril 11, 1950

StatusPublished

This text of 276 A.D.2d 1064 (Waterman Corp. v. Johnston) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Waterman Corp. v. Johnston, 276 A.D.2d 1064 (N.Y. Ct. App. 1950).

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Opinion

Per Curiam.

Order reversed and motion to punish for contempt is in all respects denied, with costs to the appellant. The respondents appear to be under a complete misapprehension concerning the transaction complained of. The National Insurance Company, which is substantially wholly owned by the defendant-appellant, sent no dollars to Cuba after the injunction was issued, but thereafter entered into an arrangement to convert a debt owing to it in Cuban dollars by a Cuban insurance company into a deposit to its credit in a Cuban bank. All steps taken thereafter by the new management of the subsidiary, or by the defendant-appellant, were not in violation of the injunction, but were calculated to improve the position of that subsidiary.

Peek, P. J., Glennon, Dore, Callahan and Shientag, JJ., concur.

Order unanimously reversed, with $20 costs and disbursements to the appellant, and the motion to punish for contempt in all respects denied.

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Per Curiam.

Order reversed and motion to punish for contempt is in all respects denied, with costs to the appellant. The respondents appear to be under a complete misapprehension concerning the transaction complained of. The National Insurance Company, which is substantially wholly owned by the defendant-appellant, sent no dollars to Cuba after the injunction was issued, but thereafter entered into an arrangement to convert a debt owing to it in Cuban dollars by a Cuban insurance company into a deposit to its credit in a Cuban bank. All steps taken thereafter by the new management of the subsidiary, or by the defendant-appellant, were not in violation of the injunction, but were calculated to improve the position of that subsidiary.

Peek, P. J., Glennon, Dore, Callahan and Shientag, JJ., concur.

Order unanimously reversed, with $20 costs and disbursements to the appellant, and the motion to punish for contempt in all respects denied.

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Bluebook (online)

276 A.D.2d 1064, Counsel Stack Legal Research, https://law.counselstack.com/opinion/waterman-corp-v-johnston-nyappdiv-1950.