Walutes v. Baltimore Rigging Co.

KELLAM, District Judge.

Ronald L. Walutes, Trustee in Bankruptcy for Alexandria Prestressed, Incorporated, hereafter called Trustee, filed suit in the United States District Court for Maryland against Baltimore Rigging Company, Incorporated, hereafter called Baltimore Rigging, to recover an alleged preferential payment by appellant’s Bankrupt. Baltimore Rigging answered denying a preference and alleging it was a secured creditor of the Bankrupt.

Upon the undisputed and stipulated facts, the Court granted appellee’s motion for summary judgment, holding that there was no preferential payment. The…