Klein v. Leader Electric Corporation

CAMPBELL, District Judge.

Plaintiff brought this action seeking reclamation of certain property, or its money value, transferred by the Bankrupt to Leader Electric Corporation within four months prior to the filing of a petition in bankruptcy against the Bankrupt. The complaint alleged that (a) the transfer of certain goods and fixtures was fraudulent under Section 67, sub. d(3) of the Bankruptcy Act, 11 U.S.C.A. § 107, sub. d(3), inasmuch as the proceeds were used to effect a preference to the First National Bank; (b) the transfer of goods violated the Illinois Bulk Sales Act,…