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PALMER v. JUSTICE

Civ. A. No. 3-3381-C.

322 F.Supp. 892 (1971)

Philip I. PALMER, Jr., as Trustee in Bankruptcy of Maxwell Electronics Corporation, d/b/a KMEC-TV, Bankrupt, v. James A. JUSTICE, Glenn W. Justice and Robert Bruce Lane, Independent Executor of the Estate of R. L. Lane, Deceased.

United States District Court, N. D. Texas, Fort Worth Division.

February 24, 1971.

Attorney(s) appearing for the Case

Ungerman, Hill, Ungerman & Angrist by A. L. Vickers and Vernon O. Teofan, Dallas, Tex., for plaintiff.

Spafford, Freedman, Hamlin, Gay & Whitham, Dallas, Tex., for defendants.

James A. Justice and Glenn W. Justice, Haynes & Boone by Joe B. Abbey, Dallas, Tex., for Independent Executor of Est. of R. L. Lane, deceased.

MEMORANDUM OPINION

WILLIAM M. TAYLOR, Jr., District Judge.

This is an action by a trustee in bankruptcy under § 70e of the Bankruptcy Act (11 U.S.C. § 110(e)) to recover property of the bankrupt estate transferred to the defendants. The undisputed facts are as follows. On December 20, 1963, the Maxwell Electronics Corporation (the bankrupt) agreed to repurchase 8,500 of its capital shares from the defendants, James A. Justice, Glenn W. Justice...

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