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IN RE LEVEY

No. 53471.

9 F.Supp. 173 (1934)

In re LEVEY.

District Court, S. D. New York.

June 26, 1934.

Attorney(s) appearing for the Case

Krause, Hirsch & Levin, of New York City (George C. Levin and Morris M. Marcus, both of New York City, of counsel), for trustee Irving Trust Co.

Newman & Bisco, of New York City (Leonard G. Bisco and Milton E. Lynn, both of New York City, of counsel), for Manufacturers' Trust Co.

COXE, District Judge.

I think it is clear from the stipulation of facts in this case that the payment of $7,437 made to the trust company on January 30, 1932, constituted a preferential transfer. The insolvency of the bankrupt was known on January 22, 1932, when the creditors' meeting was held, and the method employed to take up the note of the trust company was so involved and unnatural as to arouse the gravest suspicion. The note itself was not due until February...

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