[Newspaper]
Publication: The Post-Standard
Syracuse, NY, United States
p. 9, col. 4
DECISION RESERVED
IN EQUITY ACTION
Litigation Against Bondsmen of Late
George W. Koester Ended
at Lyons.
LYONS, May 8. — Justice James W. Dunwell held his usual adjourned Special Term of the Supreme Court here yesterday.
The Locke Insulator Manufacturing Company versus Fred M. Locke, an equity case which had been tried before Justice Dunwell, was summed up yesterday by Attorney Walter S. Hubbell for plaintiff and Attorney John P. Bowman for defendant, and decision reserved. Defendant is the inventor of an insulator. Prior to 1902 he had an extensive plant at Victor, which he conveyed, together with all patents, machinery, cash on hand and books of account, to a syndicate, which later formed the plaintiff corporation, for $75,000 cash, $50,000 in stock in the company and the presidency of the corporation at $5,200 per year. Later on he refused to convey certain formulas and patents, at which he was ousted from the presidency, and this action was brought to have the written contract reformed to conform to the agreement between the parties.
·
·
·