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IN RE BLACK & GEDDES, INC.

Bankruptcy No. 81 B 10399 (PBA), Adv. No. 81-5629-A.

35 B.R. 830 (1984)

In re BLACK & GEDDES, INC., Debtor. DAMPSKIBSSELSKABET AF 1912 AKTIESELSKAB and Akielselskabet Dampskibsselskabet Svendborg, d/b/a Maersk Line and Moller Steamship Company, Inc. & Maersk Container Service Company, Inc., Plaintiffs, v. BLACK & GEDDES, INC. and Chester B. Salomon, Trustee, Defendants.

United States Bankruptcy Court, S.D. New York.

January 6, 1984.

Attorney(s) appearing for the Case

Haight, Gardner, Poor & Havens, New York City, for plaintiffs; William J. Troy III, Lennard K. Rambusch, New York City, of counsel.

Chester B. Salomon, P.C., New York City, for defendants; Alec P. Ostrow, New York City, of counsel.

DECISION AFTER TRIAL

PRUDENCE B. ABRAM, Bankruptcy Judge:

On September 28, 1981, the plaintiff-carriers (hereinafter collectively "Maersk") commenced this adversary proceeding against Black & Geddes, Inc. ("B & G"), the debtor, and Chester B. Salomon, as Trustee of B & G (the "Trustee"), seeking to impose a constructive trust in the amount of $38,265.21 on funds in the hands of the Trustee.1 On October 28, 1981 prior...

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