Hollywood Premiere v. Magid

228 F.2d 492 Matter of HOLLYWOOD PREMIERE, a corporation, Bankrupt. JOSEPH S. HERBERT & CO., a copartnership, Appellants, v. J. H. MAGID, Superseded Assignee for the Benefit of Creditors, Appellee. No. 14887. United States Court of Appeals Ninth Circuit. Dec. 21, 1955. Gitelson, Ashton, Moore & Coyle, Leon M. Cooper, Hal L. Coskey, Los Angeles, Cal., for appellant. Quittner & Stutman, Los Angeles, Cal., for appellee. Before HEALY, BONE, and CHAMBERS, Circuit Judges. HEALY, Circuit Judge. 1 This appeal is from an order of the district court, sitting in bankruptcy in the matter of Hollywood Premiere, Bankrupt, approving an order of the referee directing appellants to pay over to the estate the sum of $406.21. Leave to appeal has heretofore been granted by this court. 2 Appellee, hereafter referred to as Magid, was the assignee in a common law assignment for the benefit of Hollywood Premiere's creditors. The assignment was made on June 28, 1952. On October 7 thereafter an involuntary petition in bankruptcy was filed and on October 27, 1952, Hollywood Premiere was adjudicated a bankrupt. One Lynch was thereupon elected trustee of the bankrupt estate and qualified as such.…