American Engineering Co. v. Metropolitan By-Products Co.
Court of Appeals for the Second Circuit
Appeal from the District Court of the United States for the Eastern District of New York. Suit in equity by the American Engineering Company against the Metropolitan By-Products Company, Inc. In the matter of the application of Lewis & Kelsey for an accounting after appointment of a receiver.
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Appeal from the District Court of the United States for the Eastern District of New York. Suit in equity by the American Engineering Company against the Metropolitan By-Products Company, Inc. In the matter of the application of Lewis & Kelsey for an accounting after appointment of a receiver. From a decree in favor of the applicant, the Title Guarantee & Trust Company, as trustee, the Columbia Trust Company, as trustee, and Prank Bailey, and others, as a committee of bondholders and preferred note holders, appeal.
1Opinion of the Court
WARD, Circuit Judge.
The question to be disposed of arises in an ordinary receivership in equity of the Metropolitan By-Products Company, Inc., in the United States District Court for the Eastern District of New York. A fund of $202,OCX) was deposited with the Central *42Union Trust Company, trustee, as collateral to secure the New York Sanitary Utilization Company for the performance by tire Metropolitan Company as lessee, of its covenants in a lease of the Sanitary Company’s garbage plant at Barren Island, N. Y. Any surplus remaining after the claims of the Sanitary Company will go to prior…
2Cases cited8 opinions
- Trustees v. GreenoughSupreme Court of the United States · 1882
- Central Railroad & Banking Co. of Ga. v. PettusSupreme Court of the United States · 1885
- Harrison v. PereaSupreme Court of the United States · 1897
- The Farmers'loan and Trust Co.Supreme Court of the United States · 1889
- Odell v. H. Batterman Co.Court of Appeals for the Second Circuit · 1915
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3Cited by10 opinions
- Becht v. MillerMichigan Supreme Court · 1937
- John T. SPANOS, Appellant, v. PENN CENTRAL TRANSPORTATION COMPANY, AppelleeCourt of Appeals for the Third Circuit · 1972
- Parker v. New England Oil CorporationDistrict Court, D. Massachusetts · 1926
- MacGregor v. Johnson-Cowdin-Emmerich, Inc.Court of Appeals for the Second Circuit · 1929
- In Re Hamilton's EstateMontana Supreme Court · 1934
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