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IN RE BABCOCK PRINTING PRESS COMPANY

No. 77931.

218 F.Supp. 212 (1962)

In the Matter of BABCOCK PRINTING PRESS COMPANY, Bankrupt.

United States District Court N. D. Ohio, E. D.

October 26, 1962.

Attorney(s) appearing for the Case

Maurice W. Wendling, Canton, Ohio, for bankrupt.

Johnson, Whitmer & Sayre, Akron, Ohio, Clair E. Whitmer, Akron, Ohio, of counsel, for petitioning creditors.

John K. Lynch, Cleveland, Ohio, for trustee.

Merle M. McCurdy, U. S. Dist. Atty., Dominic J. Cimino, Cleveland, Ohio, of counsel, William O. Allen, Sp. Asst. Regional Counsel for Internal Revenue, Cleveland, Ohio, for claimant.

GREEN, District Judge.

This is a petition for review of a decision of the Referee in Bankruptcy denying a claim of the Director of Internal Revenue, in the amount of approximately $40,000.

The director's claim is based on a transfer from Lake City Malleable, Inc., on or about October 2, 1956, to the bankrupt of the amount of $40,000. While this transaction is a simple one, it is entwined in and beclouded by a series of complex financial transactions involving...

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