MATTER OF BEVILL, BRESLER & SCHULMAN ASSET MANAG.

Nos. 85-5828, 85-5851, 85-5829 and 85-5850.

805 F.2d 120 (1986)

In the Matter of BEVILL, BRESLER & SCHULMAN ASSET MANAGEMENT CORPORATION, Debtor-in-Possession. Appeal of John D. ROONEY. Appeal of Robert L. BEVILL. In re BEVILL, BRESLER AND SCHULMAN INC., Debtor. Appeal of John D. ROONEY. Appeal of Robert L. BEVILL.

United States Court of Appeals, Third Circuit.

Decided November 13, 1986.


Attorney(s) appearing for the Case

Dominic F. Amorosa (argued), Dominic F. Amorosa, P.A., South Orange, N.J., for appellant, John D. Rooney.

Lawrence V. Senn, Jr., Audrey Strauss (argued), Mudge Rose Guthrie Alexander & Ferdon, New York City, for appellant, Robert L. Bevill.

Jack M. Zackin (argued), Ravin, Greenberg & Zackin, P.A., Roseland, N.J., for appellee, Saul S. Cohen, Trustee of Bevill, Bresler & Schulman Asset Management Corp.

William H. Horton (argued), McCarter & English, Newark, N.J., for appellee, Richard W. Hill, Esq., Trustee under the Securities Investor Protection Act for the Liquidation of Bevill Bressler & Schulman, Inc.

Before SEITZ, SLOVITER, Circuit Judges, and ROSENN, Senior Circuit Judge.


OPINION OF THE COURT

SEITZ, Circuit Judge.

This appeal arises out of two related proceedings currently before the district court: the Chapter 11 reorganization of Bevill, Bresler & Schulman Asset Management Corporation (AMC), 11 U.S.C. § 1101, and the liquidation of Bevill, Bresler & Schulman, Inc. (BBS) under the Security Investor Protection Act (SIPA), 15 U.S.C. § 78aaa. Intervenors John D. Rooney and Robert L. Bevill, two principals...

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