Word: countersuit
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...Sued. By Richard Wayne, onetime cinemactor: Mrs. Antoinette Converse Wayne, Iowa steel & banking heiress; for $300,000 advance allowance under a contract by which Mrs. Wayne agreed to pay Mr. Wayne $1,000 a month to quit the cinema and live with her; in Manhattan. Mrs. Wayne's countersuit to void the contract was denied by the New York Supreme Court, appealed. Honored. George Oenslager, B. F. Goodrich Co. technical adviser, by the Perkins Medal (high U. S. chemistry award) for research in rubber chemistry; University of Illinois Chemistry Professor George Lindenberg Clark, by the Grasselli Medal...
Roosevelt Field, Inc. sued him. He filed a countersuit for the $900,000 which he claimed to have lost by not reaching the sale promptly. In his suit, he charged that the plane had been forced down at Jacksonville owing to a defective compass, an inexperienced pilot, and that, even without these handicaps, it would have been incapable of flying to Miami in 14 hours. Roosevelt Field, Inc. last week asked the court for permission to change the name of the defendant in Passenger Richey's suit to Roosevelt Flying Corp. which operated his plane; claimed that Roosevelt Field...
...Court. Suit and countersuit between Gillette Safety Razor Co. and United Cigar Stores Co. were settled out of court last week. Gillette had charged that United had exaggerated its ability to sell razors and blades, claimed $10,000,000 damages were due. United brought a $7,000,000 countersuit for breach of contract. The extra-legal settlement provided for a $1,900,000 payment by Gillette and the resumption of business relations. But existing contracts are cancelled. At the end of last year Gillette had $4,212,000 in cash...
While the directors are defending themselves, the company is also having its troubles. A $10,000,000 damage suit has been filed against United Cigar Stores which in turn has filed a $7,000,000 countersuit. Last week the company planned to shut down its big Boston plant to facilitate the removal to Boston of AutoStrop's Brooklyn equipment...
Gillette-Schulte. All manufacturers like to have retail salesmen push their products. Last week Schulte Retail Stores Corp. sued Gillette Safety Razor Co. for $125,000, due as a quarterly payment for aiding sales of Gillette blades. Gillette filed a countersuit, maintaining that far from pushing Gillette sales, the Schulte stores were instead endorsing Dunhill razors, in which, claimed Gillette, D. A. Schulte, Inc. was largely interested...