Case Against Directors of Judea Industrial Dismissed; Judge Censures Plaintiffs

The case brought by a group of stockholders against Municipal Court Justice Jacob S. Strahl of Brooklyn and other directors of the Judea Industrial Corporation, in which it was alleged that the funds of the corporation were mismanaged, was dismissed last week by Supreme Court Justice Wasservogel. The court found that the defendants acted in good faith and for the best interests of the corporation. The plaintiffs, on the other hand, were censured by the court, which held that in bringing up the case they were animated by “unclean motives.”

Colonel Stoddard, attorney for the defense, in summing up the case, showed that witnesses for the prosecution contradicted each other, that one of these didn’t even know whom he was suing and why, and that out of five thousand stockholders only seven have brought suit. Mr. Silverman, attorney for the prosecution, on the other hand tried to show that the Judea Industrial Corporation was established as an idealistic venture to aid in the reconstruction of Palestine, but was converted into a private business undertaking by its present directors.

NEXT STORY