MARIS, Circuit Judge.
On August 13, 1938, Andrew Jacoby was adjudicated a bankrupt. Murray Fredericks, his trustee, brought suit in the Court of Chancery of New Jersey against House of Jacoby, a corporation, for the return of assets of a tobacco business which Andrew Jacoby while insolvent had transferred in 1930 to House of Jacoby newly incorporated by him for that purpose. The Court of Chancery determined that the transfer was in fraud of creditors and entered a...
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