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CHERRY v. INSULL UTILITY INVESTMENTS

Nos. 11679, 11680.

58 F.2d 1022 (1932)

CHERRY v. INSULL UTILITY INVESTMENTS Inc. SCHOENEMAN v. CORPORATION SECURITIES CO.

District Court, N. D. Illinois, E. D.

May 28, 1932.

Attorney(s) appearing for the Case

No. 11679:

Allen & Dalbey, of Danville, Ill., and Cassels, Potter & Bentley, of Chicago, Ill., for receivers.

Tenney, Harding, Sherman & Rogers, of Chicago, Ill., for respondents.

Miller, Gorham & Wales, of Chicago, Ill., for defendant.

No. 11680:

Ashcraft & Ashcraft, of Chicago, Ill., for receivers.

Tenney, Harding, Sherman & Rogers, of Chicago, Ill., for respondents.

LINDLEY, District Judge.

On May 15, 1932, upon a creditor's bill and answer thereto, the court appointed receivers for and took jurisdiction of all assets of the defendant corporation. I shall not recount the detailed facts, but direct attention to the final effect of the proceedings, viz., that by a receivership in equity the court took into its custody for administration by its receivers all property of the corporation within the district. By the order the corporation...

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