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PYRITES CO. v. SILICA GEL CORPORATION

No. 2176.

8 F.Supp. 423 (1934)

PYRITES CO. v. SILICA GEL CORPORATION.

District Court, D. Maryland.

October 22, 1934.

Attorney(s) appearing for the Case

Roszel C. Thomsen, Emory H. Niles (of Niles, Barton, Morrow & Yost), and Joseph T. Brennan, all of Baltimore, Md., and Wm. Burnet Wright, for petitioners.

G. Ridgely Sappington and Wilson K. Barnes, for respondent.

CHESNUT, District Judge.

The defendant, the Silica Gel Corporation, is in this court in federal equity receivership. The creditors' bill did not expressly allege insolvency or pray for immediate liquidation but represented that the corporation was unable to meet current indebtedness and that its available assets consisted principally of commercially undeveloped patents and that receivership was necessary to conserve its assets for the ultimate benefit of all creditors...

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