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FIERMAN v. SEWARD NAT. BANK OF NEW YORK

No. 16.

61 F.2d 952 (1932)

FIERMAN v. SEWARD NAT. BANK OF NEW YORK.

Circuit Court of Appeals, Second Circuit.

December 5, 1932.

Attorney(s) appearing for the Case

David W. Kahn, of New York City, for appellant.

Willcox, Swiger, Chambers & Scandrett, of New York City (Frederic L. Clark, of Philadelphia, Pa., and J. Anthony Panuch, of New York City, of counsel), for appellee.

Before MANTON, AUGUSTUS N. HAND, and CHASE, Circuit Judges.

MANTON, Circuit Judge.

This suit seeks to set aside a transfer made by the bankrupt to the appellee of a $60,000 demand collateral note. The note was that of the Pennsylvania Hardwood Flooring Corporation, payable to the bankrupt. The corporation's first mortgage bonds, amounting to $150,000, were given as collateral security for the note. The appellant claims that it has established that the transfer of this note to the appellee was a voidable preference under the...

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