Massachusetts Bonding & Ins. v. Hudspeth

GARDNER, Circuit Judge.

This is an appeal from a judgment based upon a verdict directed in favor of the appellee, -plaintiff below, in an action brought to recover on a fidelity bond. We shall re*469fer to the parties as they were designated in the lower court.

The Ward-Garrison Hotel Corporation on August 12, 1935, filed its petition for reorganization under section 77B of the National Bankruptcy Act, 11 U.S.C.A. § 207 and note. On approval of the petition, the court ordered the debtor to continue temporarily in possession of its property and to operate its business until the further order of the…