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IN RE HENWOOD & NOWAK

No. 37480.

27 F.2d 888 (1928)

In re HENWOOD & NOWAK. Claim of HENWOOD, NOWAK & CO.

District Court, D. Massachusetts.

July 16, 1928.

Attorney(s) appearing for the Case

Gaston, Snow, Saltonstall & Hunt, of Boston, Mass., for petitioners.

Francis T. Leahy, of Boston, Mass., for respondent.

MORTON, District Judge.

Henwood & Nowak, a corporation, owned most of the stock in Henwood, Nowak & Co., another corporation. The same person was president of both, a director in each, and treasurer of Henwood & Nowak. "He was active in the management of each company, and well acquainted with the financial condition of each." Referee's Certificate, p. 2. The first named corporation was insolvent and was indebted to its subsidiary. While in this condition...

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