Word: partnerized
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...four years later was appointed to the Federal bench by President Coolidge. Chief of the "high crimes and misdemeanors'' with which the House charged him last week was that, as party to a champertous proceeding, he had "corruptly and unlawfully" received $4,500 from his onetime law partner, Albert L. Rankin. Champerty, it was explained for the benefit of nonlawyer Senators, is a proceeding whereby a person having no legitimate interest in a law suit abets it with money or services in the hope of profit. Judge Ritter. the House managers asserted, had connived with his onetime partner...
...newest star, made Grant scramble but the best he got was one set to Grant's three. Esteban Reyes, nicknamed "Pajaro" (Bird), Mexico's No. 1, got five games in three sets against Budge. Next day, Allison played 18 holes of near-par golf, joined his partner Van Ryn to run through Flavio Martinez and Marco Antonio Mestre 6-0, 6-2, went back to the links for another nine holes which he started with a birdie. The series became a clean sweep the following day when Grant beat Reyes, 6-4, 13-11, 6-2, and Budge...
...this was known by the firm's floor member, Jerome T. Meighan. who is not to be confused with Michael J. ("Mike") Meehan, now being questioned by the Securities & Exchange Commission for alleged manipulation of stock in Bellanca Aircraft. Apparently responsible for the McCaffray finagling was Managing Partner William H. Hosford, who resigned last month. As soon as Floor Member Meighan learned about his partner's activities, he reported them to Stock Exchange authorities...
...Exchange tipped off SEC, which in turn tipped off the New York State Bureau of Securities. Not until the day after the injunction was obtained last week did the gong on the rostrum above the floor of the Exchange bring trading to a halt for the formal announcement that Partner Meighan had been suspended for three years for "conduct or proceeding inconsistent with just and equitable principles of trade in that his firm . . . had engaged in reckless and unbusinesslike dealing. . . ." Later the New York Curb Exchange suspended McCaffrey's Curb members...
...Partner Meighan had to take the rap because he was the only partner who was an Exchange member. Summing up the case, the New York Times declared: "Wall Street observers felt . . . that neither the New York Stock Exchange nor the Curb Exchange had added to their prestige by their handling of the case of Walter P. McCaffray...