Case Name: Morris Zakheim, Individually and as a Creditor of Dry Harbor Homes, Inc., for Himself and in Behalf of Other Creditors Similarly Situated, Who Wish to Come in and Contribute to the Expense of the Action, Respondent, v. Dry Harbor Homes, Inc., and Others, Defendants, and The Long Island Note Corporation, Appellant
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1935-06
Citations: 245 A.D. 769
Docket Number: 
Parties: Morris Zakheim, Individually and as a Creditor of Dry Harbor Homes, Inc., for Himself and in Behalf of Other Creditors Similarly Situated, Who Wish to Come in and Contribute to the Expense of the Action, Respondent, v. Dry Harbor Homes, Inc., and Others, Defendants, and The Long Island Note Corporation, Appellant.
Judges: 
Reporter: Appellate Division Reports
Volume: 245
Pages: 769–770

Head Matter:
Morris Zakheim, Individually and as a Creditor of Dry Harbor Homes, Inc., for Himself and in Behalf of Other Creditors Similarly Situated, Who Wish to Come in and Contribute to the Expense of the Action, Respondent, v. Dry Harbor Homes, Inc., and Others, Defendants, and The Long Island Note Corporation, Appellant.

Opinion:
In an action brought by plaintiff as a judgment creditor of defendant Dry Harbor Homes, Inc., in behalf of himself and other creditors similarly situated, to avoid an alleged fraudulent sale in foreclosure of the corporate real property, order denying the appellant's motion to strike the case from the Special Term calendar affirmed, with ten dollars costs and disbursements. In our opinion, the action is equitable in character and is in effect an action to avoid a fraudulent transfer made by the corporation and to compel an accounting by the participants in the fraud. Lazansky, P. J., Young, Carswell, Tompkins and Johnston, JJ., concur.