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GLOBE GRAIN & MILLING CO. v. AMERICAN MARINE PRODUCTS CO.

No. 8505.

91 F.2d 380 (1937)

GLOBE GRAIN & MILLING CO. et al. v. AMERICAN MARINE PRODUCTS CO.

Circuit Court of Appeals, Ninth Circuit.

July 19, 1937.

Attorney(s) appearing for the Case

Hibbard & Kleindienst, of Los Angeles, Cal., for appellants.

Leslie S. Bowden and Frank Mergenthaler, both of Los Angeles, Cal., for appellee.

Before DENMAN, STEPHENS, and HEALY, Circuit Judges.

DENMAN, Circuit Judge.

This is an appeal from an order entered in section 77B, Bankr.Act, as amended, 11 U.S.C.A. § 207, proceedings denying appellants leave to intervene.

On December 31, 1936, American Marine Products Company filed a petition for reorganization under section 77B, alleging that it was unable to meet its debts as they matured.

The corporation was engaged in sardine reduction, and its principal asset was the steamship Currier, valued...

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