In re Unique Metal Specialties Co.
In re Unique Metal Specialties Co.
Opinion of the Court
On August 4, 1951, Honorable Sherman D. Warner, Referee in Bankruptcy, made an order herein disallowing the claims of Louis Seiden and Samuel Seiden for damages for the alleged breach by the bankrupt of what purported to be contracts of employment. The claimants filed their petitions to review the said order, arguments were held thereon, and
Some of the witnesses hereinabove referred to testified at the hearings, as did Samuel Seiden, one of the claimants, and thereafter Referee Warner rendered his decision to the effect, in. substance, that the said agreements were “fraudulent, illegal and void” and constituted “an attempt here to divert the assets of a corporation for the personal use of individuals and for the payment of stock.” He disallowed the claims of the said Louis Seiden and Samuel Seiden.
The record of the testimony taken at the hearings clearly supports and justifies the decision of the Referee.
Accordingly, the petition for review is dismissed.
Reference
- Full Case Name
- In re UNIQUE METAL SPECIALTIES CO., Inc.
- Status
- Published