In Re Lustron Corp. Reconstruction Finance Corp. v. Lustron Corp

LINDLEY, Circuit Judge.,

On February 21, 1950, the .Reconstruction Finance Corporation filed a complaint in the United States District Court for the Southern District of Ohio, in which it-, sought, first, judgment upon an alleged indebtedness 'of Lustron Corporation, Inc., an Illinois corporation, second, foreclosure of alleged liens on property owned by Lustron, third, receivership in equity to marshal and distribute all other assets of Lustron under the .direction of the court, on. the ground that that corporation was insolvent. The court, on Márch 6, 1950, having found that the properties…