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STEVAN v. UNION TRUST COMPANY OF DISTRICT OF COLUMBIA

No. 16865.

316 F.2d 687 (1963)

Mitchell STEVAN, Trustee for Genie Craft Corporation, Bankrupt, Appellant, v. UNION TRUST COMPANY OF the DISTRICT OF COLUMBIA, a Banking Corporation, and The Munsey Trust Company, a Banking Corporation, Appellees.

United States Court of Appeals District of Columbia Circuit.

Decided March 28, 1963.

Attorney(s) appearing for the Case

Mr. Frank J. Whalen, Jr., Washington, D. C., for appellant.

Mr. William A. Glasgow, Washington, D. C., with whom Mr. John L. Hamilton, Washington, D. C., was on the brief, for appellees.

Before BURTON, Justice, retired, and FAHY and BURGER, Circuit Judges.

BURGER, Circuit Judge.

An action was brought by the Trustee in Bankruptcy of Genie Craft Corporation1 against a creditor2 of the bankrupt to set aside certain transfers of customers' accounts. The District Court, sitting without a jury, determined that the challenged transfers were valid pledges and denied the relief sought by the Trustee.

Genie Craft sold at retail various household staples and appliances...

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