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IN RE LUSCOMBE ENGINEERING COMPANY

No. 12736.

268 F.2d 683 (1959)

In the Matter of LUSCOMBE ENGINEERING COMPANY, Inc., Bankrupt. United States of America and First Pennsylvania Banking and Trust Company, Appellants.

United States Court of Appeals Third Circuit.

Decided June 24, 1959.

Attorney(s) appearing for the Case

Murdoch K. Goodwin, Philadelphia, Pa. (Harold K. Wood, U. S. Atty., Joseph J. Zapitz, Asst. U. S. Atty., Alfred W. Putnam, Philadelphia, Pa., on the brief), for appellants.

Leon S. Forman, Philadelphia, Pa., (Wexler, Mulder & Weisman, Miller, Adelman & Levine, David H. H. Felix, Philadelphia, Pa., on the brief), for appellee.

Before KALODNER and HASTIE, Circuit Judges, and EGAN, District Judge.

HASTIE, Circuit Judge.

The matter in dispute in this bankruptcy appeal is the claim of a secured creditor to each of three funds acquired by the receiver, later appointed trustee and so designated throughout this opinion. The referee found the secured creditor entitled to two of the funds. Reversing the referee's order in part, the district court held that the creditor had no security interest in any of the funds. This appeal...

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