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Siefke v. Wick

November 15, 1933

SIEFKE ET AL.
v.
WICK ET AL.



Appeal from the District Court of the United States for the Western District of Pennsylvania.

Before BUFFINGTON, WOOLLEY, and THOMPSON, Circuit Judges.

Per Curiam.

After argument and due consideration, we find the appellants, who are holders of debentures of the Pressed Steel Car Company, have no lien which is displaced by the issue of the complained of receivership certificates. We therefore hold the court had power to authorize the issuance of such certificates and that the order made was within its discretionary power.

The decree is therefore affirmed.

19331115

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