PHILCO FINANCE CORPORATION v. PEARSON

No. EC 7035.

335 F.Supp. 33 (1971)

PHILCO FINANCE CORPORATION and Jacob C. Pongetti, Trustee in Bankruptcy, Plaintiffs, v. John PEARSON et al., Defendants.

United States District Court, N. D. Mississippi, E. D.

December 10, 1971.


Attorney(s) appearing for the Case

M. Curtiss McKee, Thomas G. Lilly, Jackson, Miss. and Jacob C. Pongetti, Columbus, Miss., for plaintiffs.

William S. Turner, Aberdeen, Miss., Omar Craig, Oxford, Miss. and Clarence R. Scales, Jackson, Miss. (for John Pearson, Rosemary Pearson and George J. Heard), James C. Mayo, Louisville, Miss. (for Triplett and Classic Cleaners).


MEMORANDUM OPINION

KEADY, Chief Judge.

This case is before the court on the complaint of Philco Finance Corporation (Philco), a Delaware corporation, against John Pearson and wife, Rosemary Pearson, Mississippi citizens, George J. Heard, a Tennessee citizen, and other Mississippi defendants,1 to set aside as a conveyance in fraud of creditors the transfer by Pearson to Heard of 25,000 shares of stock in Classic Cleaners, Inc...

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