Barnett v. Schickerling Products Corp.

The defendant, a Delaware corporation, with its factory in Newark, New Jersey, was declared insolvent September 19th, 1928, and Frederick Herrigel, Jr., a member of the Essex bar, was appointed receiver. The decree of insolvency was consented to by the company in an answer filed by its solicitor, Herbert L. Elins, who acted for William Harris, his employer, the complainant's counsel. Frederick J. Israel was appointed counsel to the receiver.

The company manufactured radio tubes. Its assets, which came to the receiver, were machinery and tools which he sold for $1,150, book accounts inventoried…