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IRVING TRUST CO. v. BANK OF UNITED STATES

No. 36.

54 F.2d 535 (1931)

IRVING TRUST CO. v. BANK OF UNITED STATES et al.

Circuit Court of Appeals, Second Circuit.

December 7, 1931.

Attorney(s) appearing for the Case

Krause & Hirsch, of New York City (Sydney Krause and George C. Levin, both of New York City, of counsel), for complainant-appellant.

David Haar, of New York City, for appellees.

Before L. HAND, SWAN, and AUGUSTUS N. HAND, Circuit Judges.

AUGUSTUS N. HAND, Circuit Judge.

The trustee in bankruptcy of Out-Of-The-Inkwell Films, Inc., a New York corporation engaged in the business of manufacturing motion picture cartoons, filed its bill against the Bank of the United States to set aside a preferential transfer to the bank because the transfer was made when the corporation was insolvent or its insolvency was imminent, and when the bank had reasonable cause to believe that the transfer would effect a preference...

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