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De ARAGON v. CHASE MANHATTAN BANK

No. 71-1129.

457 F.2d 263 (1972)

Orlando De ARAGON, as Trustee of Central San Vicente, Inc., et al., Plaintiffs, Appellants, v. The CHASE MANHATTAN BANK et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

March 30, 1972.

Attorney(s) appearing for the Case

Hyman Gold, New York City, with whom Robert E. Stafford, Krause, Hirsch & Gross, Orlando J. Antonsanti, and Gabriel Guerra Mondragon, San Juan, P. R., were on the brief, for appellants.

Samuel R. Ballin, New York City, with whom Milbank, Tweed, Hadley & McCloy, New York City, and Fiddler, Gonzalez & Rodriguez, San Juan, P. R., were on the brief, for appellees.

Before COFFIN, Circuit Judge, VAN OOSTERHOUT, Senior Circuit Judge, and STEPHENSON, Circuit Judge.

STEPHENSON, Circuit Judge.

This is an appeal from a decision of the trial court dismissing the complaint of the Chapter X Trustee of Central San Vicente, Inc.1 (San Vicente), a Puerto Rican sugar mill, seeking to recover the $250,000 paid by San Vicente to the appellee, The Chase Manhattan Bank (Chase) alleged to be a fraudulent transfer as defined by § 67d of the Bankruptcy Act, 11 U.S.C. § 107. Appellant challenges certain...

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