settlement of claim against HF

dfleishhacker Member Photo

Clipped by dfleishhacker

settlement of claim against HF - reported Tonight's bitterly The Herbert...
reported Tonight's bitterly The Herbert Fleishhuukw of Atherton, Atherton, former president of the California National bank, today had been denied permission to tes tify in the Kern county oil case ruled against h i m , as referee Burton K. Wyninn approvei a compromise of $825,000 for aggregate aggregate claims against Fleish- hacker of $2,029,000. Wyman denied Flcishhackcr's petition to offer testimony 01 grounds such testimony wou ( have no bearing on the bankruptcy case. Attorneys for Fleishhacker had claimed tbat new evidence ii the oil case would vindicate Flcis hacker of all blame and thus release him of the $080,000 judgment judgment against him. The compromise approved by Wyman reduced the amount of unsecured claims against the Fleis hucker estate, now in the hands Receiver Sterling Curr. Carr pro( pro( it- ted that tbe unsecured creditor;, will receive about 50 cents on dollar. Fleishhacker will be eliminated eliminated under this plan, if finallj carried out, the attorneys said. creditors' corporation is. to be formed under the plan to administer administer and liquidate the estate.

Clipped from
  1. The Times,
  2. 18 May 1940, Sat,
  3. Page 3

dfleishhacker Member Photo

Want to comment on this Clipping? Sign up for a free account, or sign in