Irving Trust Co. v. Compania Mexicana De Petroleo, La Libertad, S. A.

MANTON, Circuit Judge.

Appellant, receiver of the Island Refining Corporation, brought this action against the appellees, subsidiaries of the Island Oil & Transport Corporation, for breach of a contract to sell oil. Appellees had oil-producing properties in Mexico. The transport corporation also owned the stock of the refilling corporation. The affiliated companies were under common management of Mr. ‘Stevens, who became a receiver of both the refining and the transport corporations. He had been at the head of the enterprise.

(On March 17, 1920, the transport corporation and the appellees, as…