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IN RE MAGNA PRODUCTS CORP.

No. 201, Docket 24906.

251 F.2d 423 (1957)

In the Matter of MAGNA PRODUCTS CORP., Bankrupt. Israel M. Lerner, Trustee, Respondent-Appellant, Barnet Mirror Corp., Petitioner-Appellee.

United States Court of Appeals Second Circuit.

Decided December 13, 1957.

Opinion Filed January 13, 1958.

Attorney(s) appearing for the Case

Levin & Weintraub, New York City (Benjamin Weintraub, Elias Mann and Ronald Levy, New York City, of counsel), for appellant.

Wasserman & Shagan, New York City (Isadore Hurwitz, New York City, of counsel), for appellee.

Before MEDINA, LUMBARD and WATERMAN, Circuit Judges.

MEDINA, Circuit Judge.

Upon the filing of the petition in bankruptcy, and on October 2, 1957, Judge Bruchhausen appointed Israel M. Lerner as receiver of Magna Products Corp., and, on October 4, 1957, designated Louis J. Castellano as Referee in Bankruptcy in charge of proceedings relating to the bankrupt estate. In due course, after the adjudication of the bankrupt, a first meeting of creditors was had and Mr. Lerner was elected trustee on October 21, 1957. Shortly...

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