Bassett v. Bickford Bros. Co.
District Court, W.D. New York
In Equity. Bill by Henry Bassett and others, suing in their own behalf and in behalf of all other creditors similarly situated, against the Bickford Bros. Company. A receiver was appointed, and thereafter, on motion, the order was rescinded, the answer of the president of defendant corporation stricken, and the directors allowed to intervene for the purpose of answering the bill.
1Opinion of the Court
HAZEL, District Judge.
The bill of complaint filed herein by a creditor firm, suing in its own behalf and in behalf of all other creditors similarly situated, substantially avers that the defendant, Bickford Bros. Company, though solvent, owes large amounts of money, now due and payable, to many creditors scattered throughout the United States, which it is unable to pay; that a multiplicity of suits are threatened; that its assets will he dissipated; that two certain creditors, in violation of an agreement between other creditors and stockholders, have caused to be appointed a liquidating…
2Cases cited3 opinions
- In re Jefferson Gasket Co.District Court, N.D. New York · 1910
- Walters v. Anglo-American Mortgage & Trust Co.U.S. Circuit Court for the District of Nebraska · 1892
- Nesbit v. North Georgia Electric Co.U.S. Circuit Court for the Northern District of Georgia · 1907
3Cited by2 opinions
- Flight Equipment & Engineering Corp. v. SheltonSupreme Court of Florida · 1958
- Bruch v. National Guarantee Credit Corp.Court of Chancery of Delaware · 1922