Capitol Tobacco Company v. R. J. Reynolds Tobacco Company, American Tobacco Company and Brown & Williamson Tobacco Corporation , 300 F.2d 755 ( 1962 )

300 F.2d 755

CAPITOL TOBACCO COMPANY, Appellant,
v.
R. J. REYNOLDS TOBACCO COMPANY, American Tobacco Company and Brown & Williamson Tobacco Corporation, Appellees.

No. 19250.

United States Court of Appeals Fifth Circuit.

April 4, 1962.

Arnold S. Kaye, Schell, Kaye & Nodvin, Atlanta, Ga., for appellant.

Charles H. Kirbo, M. H. Blackshear, Jr., Atlanta, Ga., King & Spaulding, Atlanta, Ga., for appellees.

Before TUTTLE, Chief Judge, and JONES and GEWIN, Circuit Judges.

PER CURIAM.

1

The district court applied in this cause the rule that creditors who have secured voidable preferences from an insolvent debtor may become petitioners in an involuntary bankruptcy proceeding upon a surrender of their preferences. We approve the decision and the judgment of the district court is

2

Affirmed.