Guardian Title Co., Inc. v. Irving Sulmeyer, Receiver in the Matter of Moral Investments, Inc., a California Corporation

HUFSTEDLER, Circuit Judge:

Appellant Guardian Title Co., Inc. (“Guardian”), appeals from a District Court order modifying and affirming the Referee’s order in favor of Sulmeyer, the receiver for Moral Investments, Inc., the debtor in Chapter XI proceedings, awarding damages against Guardian for conversion of the debtor’s assets. Guardian contends that the order is invalid because the bankruptcy court did not have personal jurisdiction of Guardian and because the court did not have subject matter jurisdiction of a conversion action.

At the time the Chapter XI petition was filed in the Southern…