Riant Amusement Co. v. Bailey

The trustee in bankruptcy of the United Collieries Company, bankrupt, brought suit and had a decree against plaintiff in error that the latter owed the bankrupt estate $40,000 which was in equity a lien on the debtor’s property and ordered the property sold to. satisfy the lien. The basis of the action was the charge that one Walker, who controlled both companies, had fraudulently diverted the funds of the Collieries Company to promote and establish the Amusement Company. The case was brought here on error and is now pending.

There was a motion for supersedeas which defendant in error…