Union Securities, Inc. v. Merchants' Trust & Savings Co.

This action is in the nature of an intervening petition filed by appellant in the case of Varney Electrical Supply Company v. Retherford Manufacturing Company, in the Delaware Superior Court, wherein appellee, The Merchants Trust and Savings Company, was appointed receiver for the defendant. Appellant in this action seeks to establish a preferred claim against the assets and property in possession of the receiver for amounts collected by the Retherford Manufacturing Company prior to the appointment of a receiver, upon accounts previously assigned by said company to appellant, contending that…