Cherry v. Insull Utility Investments, Inc.

LINDLEY, District Judge.

On May 15, 1932, upon a creditor’s bill and answer thereto, the eourt appointed receivers for and took jurisdiction of all assets of the defendant corporation. I shall not recount the detailed facts, but direct attention to the final effect of the proceedings, viz., that by a receivership in- equity the court took into its custody for administration by its receivers all property of the corporation within the district. By the order the corporation, its officers, all creditors, and other parties in interest were restrained from interfering in any way with the…