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OLD COLONY TRUST CO. v. PENROSE INDUSTRIES CORPORATION

No. 16819.

387 F.2d 939 (1968)

OLD COLONY TRUST CO. et al. v. PENROSE INDUSTRIES CORPORATION et al., David Milgram and His Associates, Appellants.

United States Court of Appeals Third Circuit.

Decided January 9, 1968.

Attorney(s) appearing for the Case

David Berger, Cohen, Shapiro, Berger, Polisher & Cohen, Philadelphia, Pa. (Herbert B. Newberg, Howard L. Schambelan, Philadelphia, Pa., on the brief), for appellants.

Henry W. Sawyer, III, Drinker, Biddle & Reath, Philadelphia, Pa. (John S. Estey, Montgomery, McCracken, Walker & Rhoads, Philadelphia, Pa., on the brief), for appellees.

Before McLAUGHLIN, GANEY and SEITZ, Circuit Judges.

OPINION OF THE COURT

SEITZ, Circuit Judge.

This is an appeal from an order of the district court denying appellants' motion to intervene. We pass any question of appealability or mootness.

On June 1, 1967, plaintiffs filed in the district court an action by which, insofar as is now pertinent, they sought a declaratory judgment that their proposed sale to one Martin W. Field ("Field"), subject to court approval, of certain pledged collateral held...

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