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RUBIN v. MANUFACTURERS HANOVER TRUST CO.

No. 344, Docket 80-7468.

661 F.2d 979 (1981)

Herbert RUBIN, as Trustee of U.S.N. Co., Inc., Bankrupt, and Eliot H. Lumbard, as Trustee of Universal Money Order Co., Bankrupt, Plaintiffs-Appellants, v. MANUFACTURERS HANOVER TRUST CO., Defendant-Appellee, and John M. Trent and Eugene Skowron, Defendants.

United States Court of Appeals, Second Circuit.

Decided September 21, 1981.

Order Filed October 1, 1981.

Attorney(s) appearing for the Case

Terry Myers, New York City (Morrell I. Berkowitz, Herzfeld & Rubin, P.C., New York City, on the brief), for plaintiffs-appellants.

Rolon W. Reed, New York City (John F. Cambria, Don D. Grubman, Simpson Thacher & Bartlett, New York City, on the brief), for defendant-appellee.

Before FRIENDLY, MANSFIELD and KEARSE, Circuit Judges.

KEARSE, Circuit Judge:

This appeal arises from the collapse and ultimate bankruptcy of two affiliated firms, U.S.N., Inc. ("USN"), and Universal Money Order Co., Inc. ("UMO"), companies in the business of issuing money orders. Plaintiffs Herbert Rubin and Eliot H. Lumbard, bankruptcy trustees of USN and UMO, respectively, appeal from a judgment of the United States District Court for the Southern District of New York, 4 B.R. 447, Milton...

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