Upright v. Brown

AUGUSTUS N. HAND, Circuit Judge.

This is a suit by the trustee of Consolidated American Royalty Corporation, a debtor in reorganization under Section 77B of the Bankruptcy Act, 11 U.S.C.A. § 207, to recover from the defendant Dickson Q. Brown 15,000 shares of preferred stock of Royalty Corporation of America and also any dividends received by the defendant therefrom. The special master allowed recovery and his report was confirmed by the district court.

On February 16, 1933, the debtor corporation owed two bills to its attorneys which were rendered in 1931, and aggregated $5,000. It also owed…