Oliver v. Northwestern Mut. Life Ins.

McVICAR, District Judge.

The Globe Furniture Company, a Pennsylvania corporation, was incorporated January 5, 1905. It eng’aged in the furniture business in Pittsburgh from the date of its incorporation until January 24, 1930, at which time it was declared to be insolvent and H. M. Oliver, plaintiff, was appointed receiver. The corporation was a family corporation with only three stockholders, viz.: David Rosenthal and his two sons, Benjamin Rosenthal and Jacob Rosenthal. David Rosenthal owned one-third of the stock of said company from the date of incorporation until his death November 5,…