M. Lowenstein & Sons, Inc. v. British-American Mfg. Co.

MANTON, Circuit Judge.

Appellant, a New York corporation, has a capital of $3,-000,000, divided into three classes of stock, and is engaged in the textile business and the financing of merchants in that line of business. A. L. & L. L. Lowenstein, who are stockholders and officers of the appellant, are engaged in the factoring business as copartners. Appellee is a Delaware corporation, and had a mill for rubberizing goods at Springdale, Conn. Receivers, who later resigned, were appointed for it in an equity proceeding, and on January 23, 1923, the present receiver, Harrietto C. Brinkerhoff, was…