Quintal v. Kellner

Plaintiffs, trustees in bankruptcy, commenced this action to recover two payments aggregating $5,000 which are claimed to have been wrongfully made to defendant by the bankrupt. The complaint contains three causes of action.

*652In the first cause of action it is alleged that i February, 1927, defendant subscribed for and purchased 250 shares of the stock of Consolidated Factors Corporation at $100 per share. In March, 1927, the president and the secretary-treasurer caused the corporation to pay to defendant $2,500'in connection with this transaction. It is then averred that this was a voluntary…