Pyle v. Texas Transport & Terminal Co.
Supreme Court of the United States
APPEALS FROM THE CIRCUIT COURT OF APPEALS FOR THE FIFTH CIRCUIT. The facts, which involve the right of a trustee in bankruptcy to maintain an action for the recovery of property of the bankrupt and what constitutes a preference under that Act. are stated in the opinion. The preference was an unfair one. The French bankers considered conditions abnormal. The time of preference and the relations of Scheuch & Co. show that there was a preference.
Read the full summary
APPEALS FROM THE CIRCUIT COURT OF APPEALS FOR THE FIFTH CIRCUIT. The facts, which involve the right of a trustee in bankruptcy to maintain an action for the recovery of property of the bankrupt and what constitutes a preference under that Act. are stated in the opinion. The preference was an unfair one. The French bankers considered conditions abnormal. The time of preference and the relations of Scheuch & Co. show that there was a preference. The whole cotton world had been placed on guard by-Knight, Yancey failure. “Kiting,” such as occurred in this case, is first .sign of insolvency. ' The…
1Opinion of the CourtJustice McReynolds
These causes, begun at the same time, were tried and decided together in the United States District Court, Eastern District of Louisiana (192 Fed. Rep. 725), and also in the Circuit Court of Appeals (203 Fed. Rep. 1023). The original bills, except as to details concerning times, amounts, etc., are essentially identical; by stipulation the evidence , in each one became part of the record in the others; and all the appeals may be conveniently considered in a single opinion.
The proceedings were instituted August 18, 1910, by Pyle, Trustee in bankruptcy of Steele, Miller & Company, to recover…
2Cases cited2 opinions
- Coder v. ArtsSupreme Court of the United States · 1909
- The "Idaho."Supreme Court of the United States · 1877
3Cited by21 opinions
- City Nat. Bank v. SlocumCourt of Appeals for the Sixth Circuit · 1921
- Charles E. Hoppe, Trustee of the Estate of Los Gatos Lumber Products, Inc., Bankrupt v. Emmet L. RittenhouseCourt of Appeals for the Ninth Circuit · 1960
- Harrison v. Merchants Nat. BankCourt of Appeals for the Eighth Circuit · 1942
- Charlesworth v. Hipsh, Inc.Court of Appeals for the Eighth Circuit · 1936
- The Fort OrangeDistrict Court, S.D. New York · 1933
16 more not listed; retrieve them via the Exa API.