In the case of Henley v. Myers, Receiver of Consolidated Barb Wire Company (1909), the U.S Supreme Court dealt with a dispute over patent rights and royalties. The plaintiff, Henley, had sold his patent for barbed wire to the Consolidated Barb Wire Company but claimed that he was not paid in full as per their agreement. When the company went into receivership under Myers, Henley sought to recover his unpaid royalties from them directly. However, both lower courts ruled against him on grounds that he should have filed a claim during bankruptcy proceedings instead of suing afterwards. The Supreme Court upheld these rulings by stating that when an insolvent corporation goes into receivership or bankruptcy proceedings are initiated; all claims must be presented during those proceedings and cannot be pursued separately later on. This is because such actions would disrupt orderly liquidation process and unfairly prejudice other creditors who abided by rules set out in Bankruptcy Act. Therefore, despite acknowledging validity of Henley's claim for unpaid royalties; it was dismissed due to procedural reasons rather than its merits - reinforcing importance of adhering strictly to legal procedures even when one has valid substantive claims.

The dissenting opinion in the case of Henley v. Myers, Receiver of Consolidated Barb Wire Company argued that the majority's decision was inconsistent with previous rulings and principles established by the court. The dissent contended that a receiver appointed by a federal court should not be allowed to take possession of property located in another jurisdiction without first obtaining permission from local authorities or courts. This principle had been upheld in earlier cases where it was ruled that receiverships were limited to assets within their appointing jurisdiction unless otherwise authorized by comity or consent. Therefore, according to this viewpoint, allowing such an action would undermine state sovereignty and disrupt the balance between federal and state powers as intended under U.S constitution.