Tcherepnin v. Franz

FAIRCHILD, Circuit Judge.

These appeals represent still another aspect of the long and complex litigation occasioned by the insolvency of City Savings Association (hereinafter City Savings).1

They follow from the district court’s imposition of a constructive trust upon a number of tracts of land in the Chicago area for the benefit of City Savings. Appellants Braewood Building Corporation and Peerless Closure Company each claim title to particular parcels as bona fide purchasers and seek to overturn the district court’s imposition of a constructive trust. Appellant McGurren, in whom title to a…