New York Court of Appeals
Elizabeth S. Newton, Respondent v. Oliver Porter, Appellants
March 27, 187769 N.Y. 133
Summary
The Court affirmed the judgment for the plaintiff, holding that the owner of stolen negotiable securities may pursue the proceeds in the hands of the felon or his assignee with notice, and that this right extends to any substituted property that can be traced, while also finding that the defendants’ failure to move to suppress the commission constituted a waiver of that objection.