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IN RE S. W. STRAUS & CO.

Nos. 160, 186, 187.

67 F.2d 605 (1933)

In re S. W. STRAUS & CO., Inc. (RODELLI et al., Interveners).

Circuit Court of Appeals, Second Circuit.

November 6, 1933.

Attorney(s) appearing for the Case

Baker & Obermeier, of New York City (Joseph J. Baker and Oscar S. Rosner, both of New York City, of counsel), for appellant bankrupt.

Nathaniel L. Goldstein, of New York City (Abraham J. Halprin, of New York City, of counsel), for appellant receiver Schultze.

Archibald Palmer and Samuel L. Chess, both of New York City (Sydney Basil Levy, of New York City, of counsel), for appellees intervening creditors.

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

SWAN, Circuit Judge.

S. W. Straus & Co., Inc., is a New York corporation which was formerly engaged in the business of dealing in investment securities. A so-called Martin Act suit was instituted against it in a state court, and on March 3, 1933, a decree was entered therein, with the corporation's consent, appointing permanent receivers, who were later succeeded by Louis F. Schultze as sole receiver. On the same date, March 3, 1933, and after the state court...

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