Pairpoint Mfg. Co. v. Phila. Optical & Watch Co.
Supreme Court of Pennsylvania
Appeal, No. 419, Jan. T., 1894, by the Keystone Watch Case Company, a creditor, from decree of C. P. No. 3, Phila. Co., Dec. T., 1893, No. 993, restraining sheriff’s sale of property of the Phila. Optical & Watch Co. et al. at suit of Pairpoint Mfg. Co. et al. Bill to restrain sheriff’s sale. Before Finletter, P. J. From the record it appeared that, on Jan. 10,1894, judgment was entered bjr confession against the Phila.
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Appeal, No. 419, Jan. T., 1894, by the Keystone Watch Case Company, a creditor, from decree of C. P. No. 3, Phila. Co., Dec. T., 1893, No. 993, restraining sheriff’s sale of property of the Phila. Optical & Watch Co. et al. at suit of Pairpoint Mfg. Co. et al. Bill to restrain sheriff’s sale. Before Finletter, P. J. From the record it appeared that, on Jan. 10,1894, judgment was entered bjr confession against the Phila. Optical & Watch Co. in favor of the Keystone Watch Case Có. On Jan. 20, 1894, a bill in equity was filed to the same term and number, by common creditors, praying for an…
1Opinion of the Court
Opinion by
Mr. Justice Fell,
On the 10th of January, 1894, the appellant, The Keystone Watch Case Company, caused judgment by confession to be entered on the bond of the defendant, The Philadelphia Optical & Watch Company, for $50,000. On the same day a writ of execution issued and a levy was made on the property of the company.
On the 18th of January a bill was filed by the Pairpoint Manufacturing Company and others, creditors, against the defendant, under which receivers were appointed. On the 16th of February, on petition of the receivers, an injunction was granted restraining the appellant…
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