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German Line Sued for Interest Charge

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A complaint has been filed in Supreme Court by the law firm of Lupka & Pomerantz to compel the North German Lloyd Steamship Company to pay the defaulted interest on its bonds to all eligible bondholders.

The steamship company has withheld payment of interest on the bonds since last November 1 because the moratorium declared by Germany forbids payment. The right of the company to withhold payment was denied by the courts last May.

Ethel Radin is the chief defendant. Others are “all other creditors similarly situated.”

Katherine Perry filed suit for $30 last May and was awarded a judgment. Mrs. Perry’s attorney, Joseph Chaitkin, threatened to attach the liner Europe, then situated here, unless the money was paid. The judgment was finally paid by a surety company from which the North German Lloyd bought an appeal bond in connection with the suit.

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