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KALSO SYSTEMET, INC. v. JACOBS

No. 79 Civ. 0196.

474 F.Supp. 666 (1979)

KALSO SYSTEMET, INC., Debtor-In-Possession, Plaintiff, v. Raymond JACOBS and Eleanor Jacobs, Defendants. Raymond JACOBS and Eleanor Jacobs, Third-Party Plaintiffs, v. CHEMICAL BANK, Third-Party Defendant.

United States District Court, S. D. New York.

June 27, 1979.

Attorney(s) appearing for the Case

Parker, Auspitz, Neesemann & Delehanty, New York City, for plaintiff; Carolyn Ziegler, New York City, of counsel.

Harry Issler, P. C., New York City, for defendants.

Otterbourg, Steindler, Houston & Rosen, New York City, for third-party defendant.

OPINION

EDWARD WEINFELD, District Judge.

Kalso Systemet, Inc., the debtor-in-possession in a Chapter XI proceeding in the District Court in Massachusetts, pursuant to authorization granted by that Court under an amended Plan of Arrangement, commenced this action against Raymond and Eleanor Jacobs, who were officers, directors and stockholders of the corporation, to void certain transactions as "fraudulent transfers" and "voidable preferences" under the federal...

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