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NEEDHAM v. BICKFORD

Nos. 3069, 3070.

83 F.2d 756 (1936)

NEEDHAM v. BICKFORD. BICKFORD v. NEEDHAM.

Circuit Court of Appeals, First Circuit.

April 28, 1936.

Attorney(s) appearing for the Case

Joseph P. Sullivan, of Boston, Mass. (Hurlburt, Jones & Hall, of Boston, Mass., on the brief), for Bickford, receiver.

Walter Powers, of Boston, Mass. (Sherburne, Powers & Needham, of Boston, Mass., on the brief), for Needham, receiver.

Burnham, Bingham, Pillsbury, Dana & Gould, and Laurence M. Lombard, all of Boston, Mass., amici curiæ.

Before BINGHAM, WILSON, and MORTON, Circuit Judges.

MORTON, Circuit Judge.

These are cross-appeals from a decree of the District Court allowing in the sum of $647,000 the claim of the United Investment Assurance Trust represented by its receiver, Mr. Bickford, against the Founders Securities Trust represented by its receiver, Mr. Needham, but postponing payment thereof until the claims of all ordinary creditors of Founders Trust shall have been paid. The receiver of the Founders Trust has appealed from the allowance...

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