Carson, Pirie, Scott & Co. v. Duffy-Powers, Inc.

KNIGHT, District Judge.

Receivers were appointed for Duffy-Powers, Inc., on January 12,1932. The assets of the corporation bave been liquidated. The claims of creditors are in excess of the amount realized. A special master was appointed to determine the claims of creditors against the defendant, the liens, if any, and the preference or priority, if any, among creditors and lienors. Exception has been taken, by a group of debenture creditors, to certain findings of fact and conclusions of law set forth in the report of the special master.

Duffy-Powers Company, the predecessor of Duffy-Powers,…