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IRVING TRUST CO. v. MANUFACTURERS' TRUST CO.

8 F.Supp. 527 (1934)

IRVING TRUST CO. v. MANUFACTURERS' TRUST CO.

District Court, S. D. New York.

May 11, 1934.

Attorney(s) appearing for the Case

Rumsey & Morgan, of New York City (Charles Dickerman Williams, of New York City, of counsel), for plaintiff.

Newman & Bisco, of New York City (Leonard G. Bisco and Lester A. Denonn, both of New York City, of counsel), for defendant.

COXE, District Judge.

This is a plain case of preferential transfer to the bank of a large portion of the liquid assets of the Bartels Company on the very eve of bankruptcy. The transfer to the bank was made on March 3, 1932, and on March 9, 1932, following, the Bartels Company, at the suggestion of the bank, made an assignment to the New York Credit Men's Association. The bankruptcy petition was filed April 29, 1932, and the adjudication took place within a few days...

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