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PETTIT v. OLEAN INDUSTRIES, INC.

No. 156, Docket 25315.

266 F.2d 833 (1959)

William D. PETTIT and Thomas J. Crawford, as Trustees for Swan-Finch Oil Corporation, Appellees, v. OLEAN INDUSTRIES, INC., American Canuck Petroleums, Ltd., American Leduc Petroleums, Ltd. and Penn Canadian Oil Co., Appellants.

United States Court of Appeals Second Circuit.

Decided April 29, 1959.

Attorney(s) appearing for the Case

Leo B. Mittelman, New York City, for appellants.

George C. Levin, New York City, for William D. Pettit and Thomas J. Crawford, trustees, appellees.

Kaye, Scholer, Fierman, Hays & Handler, New York City, for debtor.

Milton Kunen, New York City, for Swan-Finch Oil Corp., appellee.

David Ferber, Asst. Gen. Counsel, Thomas G. Meeker, Gen. Counsel, Washington, D. C., Richard V. Bandler, Sp. Counsel, Kiva Berke, Atty., S.E.C., New York City, Arthur Blasberg, Jr., Atty., S.E.C., Washington, D. C., for Securities and Exchange Commission.

Before HAND and LUMBARD, Circuit Judges, and MADDEN, Judge, United States Court of Claims.

HAND, Circuit Judge.

The appeals are from two orders of Judge Palmieri, entered in a voluntary Reorganization Proceeding under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq., brought by Swan-Finch Oil Corporation, incorporated in New York. The plaintiffs are the trustees appointed in the proceeding and the defendants are depositors named in eight bank accounts in the Doylestown Bank in Pennsylvania, and in one account with the Lawrence Warehouse Company...

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