Word: lawyer
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Dates: during 1930-1939
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Loans. In 1931 a Manhattan lawyer decided that his shares of American Tobacco Co. stock would be worth more if the company officers paid back bonuses they arranged for themselves and got no similar ones in the future. He slapped on two stockholders' suits in which the corporation, although named as defendant, would recover all the benefit...
...rituals in U. S. life hit so hard, go so deep, are so unsparing and dramatic as the disbarring of a prominent lawyer. Disbarment is to the lawyer what being read out of meeting was to the New England villager. It is a judgment that a man who has made his name at courts of law is not fit to practice the law. Disbarment is not common: painful and shocking as is the impeachment of a judge, the disbarment of a prominent corporation lawyer is almost as exceptional...
Last week a prominent corporation lawyer was barred from ever again practicing in the Federal District Court for the Southern District of New York. His name was Louis Samter Levy. For 37 years sharp, shrewd, able Louis Levy has practiced law in New York. For most of these years he was reputed a wizard at piercing the tangles and thickets of corporation and other law. His office in Wall Street-shared with various capable partners-flourished through the worst years of Depression: from 1932 to 1938 Louis Levy made $1,396,000. In 1933 alone he made...
...heavyset, luxury-loving youth named Martin Thomas Manton. By 1910 he was the junior partner in the firm of Stanchfield & Levy. Stanchfield was one of the powerful Democrats who labored mightily to impeach Governor William Sulzer back in 1913. Louis Levy was then a well-groomed, sharp young lawyer. In this same year he was closely questioned by a New York County Grand Jury because of his part in settling a bankruptcy...
...District Court found for the stockholder lawyer in one case, against him on technical grounds in the other, but the cases were fought on into the U. S. Second Circuit Court of Appeals, where Martin Manton was senior judge. Judge Manton was already so hard-pressed for cash that he often borrowed money from friends...