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KENNEALLY v. STANDARD ELECTRONICS CORPORATION

No. 18090.

364 F.2d 642 (1966)

Edward R. KENNEALLY, Trustee in Bankruptcy of General Magnetics, Inc., a Corporation, Bankrupt, Appellant, v. STANDARD ELECTRONICS CORPORATION and First National Bank of Minneapolis, Appellees.

United States Court of Appeals Eighth Circuit.

Rehearing Denied September 28, 1966.

Attorney(s) appearing for the Case

M. L. Culhane, of Culhane & Culhane, Minneapolis, Minn., for appellant and James E. Culhane, of Culhane & Culhane, Minneapolis, Minn., was with him on the brief.

Robert O. Flotten, of Dorsey, Owen, Marquart, Windhorst & West, Minneapolis, Minn., for appellee, First Nat. Bank of Minneapolis and filed brief.

Joseph Mast, St. Paul, Minn., for appellee, Standard Electronics Corp. and Lawrence Perlman, of Wheeler & Fredrikson, Minneapolis, Minn., was with him on the brief.

Before VAN OOSTERHOUT and MEHAFFY, Circuit Judges, and HARPER, District Judge.

MEHAFFY, Circuit Judge.

General Magnetics, Inc., a Minnesota corporation (hereafter Bankrupt), filed a voluntary petition in bankruptcy on June 25, 1962. Adjudication followed and the Trustee was elected on July 6, 1962. Certain of Bankrupt's property was sold at public auction free and clear of alleged liens. The property included Bankrupt's machinery and equipment and sold for $53,741.09. It was provided that the alleged liens be transferred and attached to the...

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