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LAKE v. NEW YORK LIFE INSURANCE COMPANY

No. 6892.

218 F.2d 394 (1955)

Charles M. LAKE, Trustee in Bankruptcy of Eugene M. Callis, Appellant, v. NEW YORK LIFE INSURANCE COMPANY, Reliance Life Insurance Company of Pittsburgh, The Equitable Life Assurance Society of the United States, The John Hancock Mutual Life Insurance Company, and The Union Central Life Insurance Company, Appellees.

United States Court of Appeals, Fourth Circuit.

Decided January 5, 1955.

Attorney(s) appearing for the Case

Frank B. Ober, Baltimore, Md. (Ober, Williams, Grimes & Stinson and David Ross, Baltimore, Md., on the brief), for appellants.

G. C. A. Anderson and Hilary W. Gans, Baltimore, Md. (Biscoe L. Gray, F. Fulton Bramble and John F. King, Baltimore, Md., on the brief), for appellees.

Before PARKER, Chief Judge, and SOPER and DOBIE, Circuit Judges.

SOPER, Circuit Judge.

The trustee in bankruptcy of Eugene M. Callis brought five suits against five life insurance companies which had insured Callis' life for $230,000, and had loaned Callis, after the filing of the petition in bankruptcy, the aggregate sum of $45,334.28, taking assignments of the policies as security for the loans. The suits were brought to recover the cash surrender value of the policies as of the date of the filing of the petition, aggregating...

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