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MIDDLETON v. DUSSOULAS

No. 4063.

35 F.2d 857 (1929)

M. F. MIDDLETON, Jr., President of the Philadelphia Stock Exchange, on Behalf of Himself and the Members of the Philadelphia Stock Exchange, an Unincorporated Association, Appellant, v. F. G. DUSSOULAS, Trustee of the Bankrupt Estate of Howard A. Lang, Appellee.

Circuit Court of Appeals, Third Circuit.

November 7, 1929.

Attorney(s) appearing for the Case

Howard H. Yocum, of Philadelphia, Pa., for appellant.

Percy Granger, Robert T. McCracken, and Geo. J. Edwards, Jr., all of Philadelphia, Pa., for appellee.

Before WOOLLEY and DAVIS, Circuit Judges, and RELLSTAB, District Judge.

RELLSTAB, District Judge.

On October 12, 1925, Howard A. Lang was adjudicated an involuntary bankrupt. At that time he was a stock broker and a member of the Philadelphia Stock Exchange, under suspension for insolvency, and was indebted to other members of the Philadelphia Stock Exchange.

Immediately prior to the filing of the petition in bankruptcy against him, viz., July 21, 1925, Lang had in the possession of the copartnership of DeHaven & Townsend...

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