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IN RE RAY LONG & RICHARD R. SMITH

No. 216.

95 F.2d 525 (1938)

In re RAY LONG & RICHARD R. SMITH, Inc.

Circuit Court of Appeals, Second Circuit.

March 14, 1938.

Attorney(s) appearing for the Case

Maxwell Barrett, of New York City (Harold G. Aron, of New York City, of counsel), for appellant.

Henry L. Flattau and William A. Walling, both of New York City, pro se (Henry L. Flattau and Monroe Chapin, both of New York City, on the brief), for appellees.

Before L. HAND, SWAN, and CHASE, Circuit Judges.

CHASE, Circuit Judge.

While Ray Long & Richard R. Smith, Inc., now bankrupt, was trying to meet its liabilities, it entered into a contract with the claimant on March 23, 1933, under which the claimant was to endeavor to develop its business and to solve certain problems which presently confronted it. All its issued and outstanding capital stock was deposited with named depositories to be held for the period and the purposes of the agreement, and no additional...

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