John G. Bookout, as Receiver for Modern Home Life Insurance Co. v. First National Mortgage and Discount Company, Inc., and Atlas Financial Corporation

Following discovery and a conference with the parties, the district court found ' substantial reason to suspect that the Atlas defendants had caused certain collateral to be fraudulently conveyed by, through, and to affiliated corporate defendants, to the probable detriment of a secured party which is the plaintiff in Modern Home Life Ins. Co. v. Atlas Financial Corp., et al., Civ. No. C74 — 302A, now pending before the district court. The court thereupon appointed a receiver pendente lite for the purposes of managing the defendants and marshaling the collateral together with its proceeds.

We…