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BALLOU v. DAVIS

No. 5275.

75 F.2d 138 (1935)

BALLOU et al. v. DAVIS et al.

Circuit Court of Appeals, Seventh Circuit.

Rehearing Denied February 19, 1935.

Attorney(s) appearing for the Case

George F. Callaghan and E. R. Elliott, both of Chicago, Ill. (Bernhardt Frank, of Chicago, Ill., of counsel), for appellants.

Roy O. West, Percy B. Eckhart, William M. Klein, and Lewis C. Jesseph, all of Chicago, Ill., for appellee receiver.

Fred P. Carr, of Des Moines, Iowa, and Robert A. Frantz and Arthur J. Jennett, both of Chicago, Ill., for appellee Central Life.

Before ALSCHULER, EVANS, and SPARKS, Circuit Judges.

EVANS, Circuit Judge.

Appellants, who were members of a policyholders' protective committee, attack the validity of the order of the District Court of December 28, 1933, directing a transfer of the Illinois Life Insurance Company's assets to the Central Life Assurance Society, pursuant to the provisions of a reinsurance contract previously executed. They assail the reinsurance contract on the following grounds:

(1) The reinsurance contract, not having been...

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