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IRVING TRUST CO. v. TOWNSEND

1 F.Supp. 837 (1932)

IRVING TRUST CO. v. TOWNSEND et al.

District Court, S. D. New York.

July 5, 1932.

Attorney(s) appearing for the Case

Charles Dickerman Williams, of New York City, for plaintiff.

Maass & Davidson, of New York City, for defendant Townsend.

Bonynge & Barker, of New York City (Robert J. Sykes, of New York City, of counsel), for defendant Whist.

PATTERSON, District Judge.

This is a suit in equity by the trustee of W. W. Townsend & Co., Inc., to recover a transfer of $5,000 alleged to have been made in fraud of creditors. The case was referred to a special master, who has made findings and conclusions favorable to the defendants.

The events which led to the making of a certain written agreement of August 24, 1929, are not disputed. The bankrupt corporation was engaged in the sale of corporate securities...

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