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IN RE LLOYD, CARR & CO.

No. 79-1459.

614 F.2d 17 (1980)

In re LLOYD, CARR AND CO., etc. et al., Bankrupts. Appeal of NEW ENGLAND TELEPHONE AND TELEGRAPH CO. et al.

United States Court of Appeals, First Circuit.

Decided January 25, 1980.

Attorney(s) appearing for the Case

Charles W. Morse, Jr., Boston, Mass., with whom Samuel S. Mullin, Sullivan & Worcester, Roger E. Hughes, Jr., Latti & Flannery, Alan R. Hoffman, and Lynch, Brewer, Hoffman & Sands, Boston, Mass., were on brief, for appellants.

Gael Mahony, Boston, Mass., with whom John A. D. Gilmore, Gilbert B. Kaplan, and Hill & Barlow, Boston, Mass., were on brief, for appellees.

Before CAMPBELL, Circuit Judge, JULIAN, Senior District Judge, and SKINNER, District Judge.

LEVIN H. CAMPBELL, Circuit Judge.

This appeal is from an order entered in ongoing bankruptcy proceedings initiated on February 1, 1978 against Lloyd, Carr & Co. and Alan Abrahams by certain of their creditors.1 Two days after the bankruptcy petitions were filed, the district court appointed a receiver and enjoined all suits against the alleged bankrupts. Subsequently, the receiver marshalled...

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