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KNAUTH, NACHOD & KUHNE V. LATHAM & CO., 242 U. S. 426 (1917)

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U.S. Supreme Court

Knauth, Nachod & Kuhne v. Latham & Co., 242 U.S. 426 (1917)

Knauth, Nachod & Kuhne v. Latham & Company

Nos. 98, 259, 260

Submitted November 13, 1916

Decided January 8, 1917

242 U.S. 426

Syllabus

A bill seeking to impress a trust upon personal property belonging to a bankrupt's estate, upon the theory that it was procured by means of moneys of which the plaintiff was defrauded by the bankrupt, must trace such moneys by adequate averments into the specific property sought to be affected.

Claimants seeking priority of payment from a bankrupt's estate upon the ground that moneys obtained from them fraudulently by the bankrupt went into his business and swelled the estate must go to the bankruptcy court in which the estate is being administered; such claims are not adjudicable in suits for the recovery of the bankrupt's property in other jurisdictions.

219 F.7d 1 affirmed.

The cases are stated in the opinion. chanroblesvirtualawlibrary

Page 242 U. S. 427





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