Case Name: Fred L. Cole, Appellant, v. Manufacturers Trust Company; Eugene H. Rechel and Others, Individually and as Copartners Doing Business under the Firm Name and Style of Rechel & Co., Charles K. Beekman and Others, Respondents, and Others, Defendants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1938-04-22
Citations: 254 A.D. 703
Docket Number: Appeal No. 2
Parties: Fred L. Cole, Appellant, v. Manufacturers Trust Company; Eugene H. Rechel and Others, Individually and as Copartners Doing Business under the Firm Name and Style of Rechel & Co., Charles K. Beekman and Others, Respondents, and Others, Defendants.
Judges: 
Reporter: Appellate Division Reports
Volume: 254
Pages: 703–703

Head Matter:
Fred L. Cole, Appellant, v. Manufacturers Trust Company; Eugene H. Rechel and Others, Individually and as Copartners Doing Business under the Firm Name and Style of Rechel & Co., Charles K. Beekman and Others, Respondents, and Others, Defendants.
(Appeal No. 2.)

Opinion:
— Action to recover damages for the alleged conversion of securities pledged with the defendant bank as security for loans made by the latter to the plaintiff's assignor. Plaintiff moved for a bill of particulars of defendants' affirmative defenses making nine separate demands for particulars. An order was entered granting that motion in part, but otherwise denying it. From so much of the order as denies the motion for a bill of particulars, plaintiff appeals. Order modified as follows: As to demand No. 2, so as to direct the specification of what securities were sold September 10, 1935, and September 19, 1935, giving the hour and place of the sale and the name or names of the purchaser or purchasers; as to demand No. 3, so as to specify who on behalf of the defendant bank, it is claimed, made the demand or gave the notice to Thomas F. Cole, and also upon whom, on behalf of Cole, demand was made, or to whom, on his behalf, notice was given of intention to sell the securities, and the time and place of the demand or notice or both; as to demands 4-A and B, so as to require the specification also of the items composing the amount, $870,569.37, the proceeds of the sale, and the source of each of said items, and so as to require the specification also of the amount of principal on which it is claimed the interest aggregating $166,206.92 was credited, the method of computing that aggregate amount of interest, and the items composing such amounts, with the dates and periods involved in that computation; as to demand 8, so as to direct specification also of the hour and place of sale and the name or names of the purchaser or purchasers; as to demand 9, so as to direct the defendants to specify (a) whether the alleged ratification is claimed to have consisted of a course of conduct on the part of Thomas F. Cole or (b) whether it is evidenced by an express writing executed by him and in the latter case (c) directing that the respondents furnish a copy of that writing to the plaintiff; and (d) if oral statements of ratification are claimed to have been made, specifying the substance thereof. As so modified, the order, in so far as an appeal is taken therefrom, is affirmed, with ten dollars costs and disbursements to appellant; the bill of particulars to be served within ten days from the entry of the order hereon. Lazansky, P. J., Hagarty, Davis, Johnston and Taylor, JJ., concur. [See ante, p. 676.]