Crane v. Penny

Choate, D. J.

This is a suit in equity brought by the assignees in bankruptcy of the Hudson River Manufacturing Company, a corporation organized under the laws of New York, to avoid and annul certain judgments, executions and levies under the same. The grounds on which it is claimed in the bill that they should be avoided are — First, that they were an illegal preference under the bankrupt law; second, that they were the means of effecting a fraudulent assignment of the property of the bankrupt under the bankrupt law; third, that they were the result of a fraudulent conspiracy between the…