Shipe v. Consumers' Service Co.

ALSCHULER, Circuit Judge.

Appel-lee Schindler is the receiver in equity of Consumers Service Company, and, as such, under order of court, was carrying on the business of the company, operating a large number of oil filling stations.

On February 3, 1926, the court ordered the receiver to sell the company’s assets at private sale, and a sale was made at $135,-000, which the court refused to confirm, because not made in accordance with the statute. Another order of sale was made, under which one Fogarty bid $155,250, but, failing to make good his bid, a resale was ordered, and fixed for January…