Olmstead v. Distilling & Cattle Feeding Co.
U.S. Circuit Court for the Northern District of Illnois
This was a suit by one Olmstead and others against the Distilling & Cattle Feeding Company for the appointment of receivers and administration of its assets. Upon an ex parte application Messrs. Greenhut and Lawrence were appointed receivers. Certain stockholders filed an intervening petition, and now move for the removal of such receivers.
1Opinion of the Court
GROSSCUP, District Judge.
This is an application to remove the receivers appointed January 28th. The hill, in effect, avers that the defendant company is insolvent; that its assets are scattered throughout the United States; that large amounts of liabilities are becoming due, upon which attachment proceedings and local receiverships are threatened; and that the nature of the property and the general situation of the company are such that, unless a court of equity, with power to administer upon the whole estate through original and ancillary receiverships, as if the property and parties were…
2Cited by2 opinions
- Lincoln Printing Co. v. Middle West Utilities Co.District Court, N.D. Illinois · 1934
- Wilson v. WonderlySupreme Court of Oklahoma · 1929