Olmstead v. Distilling & Cattle-Feeding Co.
U.S. Circuit Court for the Northern District of Illnois
These were three hills, filed, respectively, by John F. Olmstead. Chester H. Graves, and Stephen D. Bayer, against the Distilling & Cattle-Feeding Company, which have been consolidated and heard as one cause. For a decision on a motion for removal of receivers, see 67 Fed. 24. The cause is now heard upon the petition of Richard B. Hartshbrn and others, constituting a reorganization committee, for a judicial sale of the property of defendant company.
1Opinion of the Court
SHOWALTER, Circuit Judge.
Certain stockholders of defendant company now petition the court to sell certain distilleries, being part of the estate of the defendant corporation in the hands of the receiver heretofore appointed in said consolidated causes. They offer to buy said property, bidding therefor the sum of $9,800,000, on terms and conditions which will he spoken of presently. Certain other stockholders and creditors of said defendant company oppose said sale. They contend: (1) That the court has no jurisdiction to order such sale; (2) that it would be error for the court to order such…
2Cases cited4 opinions
- Brown v. Lake Superior Iron Co.Supreme Court of the United States · 1890
- First Nat. Bank of Cleveland v. SheddSupreme Court of the United States · 1887
- Forsaith MacHine Co. v. Hope Mills Lumber Co.Supreme Court of North Carolina · 1891
- Solomon S. Masters v. Frederick L. BarredaSupreme Court of the United States · 1856
3Cited by10 opinions
- Grant v. A. B. Leach & Co.Supreme Court of the United States · 1930
- McBride v. MurphyCourt of Chancery of Delaware · 1924
- Big Sespe Oil Co. v. CochranCourt of Appeals for the Ninth Circuit · 1921
- Murray v. MillerSupreme Court of Georgia · 1923
- Lincoln Printing Co. v. Middle West Utilities Co.District Court, N.D. Illinois · 1934
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