Lowenstein v. I. N. Platt & Co.

CHASE, Circuit Judge.

Meyer Reikes, Inc., was adjudicated a bankrupt on a petition filed March 29, 1929. It was a New York corporation in the business of contract building in which Meyer Reikes himself had been engaged for some years. In October of 1928,' its president, Meyer Reikes, asked I. Nathan Platt, who was president of the defendant corporation, and who had had rather extensive business dealings with Meyer Reikes and with the corporation of that name, to advance $5,000 to the Reikes corporation. At that time Platt’s corporation was a substantial creditor of Meyer Reikes, Inc. After…