Schwartz v. Maguire

The Film Automatic Machine Corporation, a corporation of this state, was formerly engaged in the business of assembling automatic film cutting and splicing machines. Parts of these machines were made by other manufacturers. The corporation leased the completed machines to various film exchanges on a weekly rental basis. Complainant was appointed receiver of the corporation by the United States District Court for the District of New Jersey.

The bill of complaint was filed to set aside certain transactions involving the corporate property.

The first cause of action is to set aside a distraint…