Updike v. Oakland Motor Car Co.

AUGUSTUS N. HAND, Circuit Judge.

The decree from which this appeal has been taken was rendered in a suit by the trustees in bankruptcy of H. L. Stratton, Ine., to recover preferences alleged to have been received by Oakland Motor Car Company from H. L. Stratton, Ine., at-a time when the Oakland Company had reasonable cause to believe that the Stratton Company was insolvent and that an unlawful preference would be effected. The transfers were made within four months of the voluntary adjudication in bankruptcy of Stratton Company, which occurred December 30, 1926. The District Court held that…