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IN RE NEVE DRUG STORES

No. 301.

48 F.2d 693 (1931)

In re NEVE DRUG STORES, Inc.

Circuit Court of Appeals, Second Circuit.

April 13, 1931.

Attorney(s) appearing for the Case

Crichton Clarke, of New York City, for intervener Alfred J. Neve.

Irving G. Warshaw, of New York City, for intervener Jules C. Klein.

Sullivan & Cromwell, of New York City (David W. Peck and Alexander M. Grean, Jr., both of New York City, of counsel), for respondent.

Before MANTON, SWAN, and AUGUSTUS N. HAND, Circuit Judges.

MANTON, Circuit Judge.

The Neve Drug Stores, Incorporated, owned and operated a chain of drug stores in New York City and vicinity. Its stock was held largely by the United Retail Chemists Corporation. The United Cigar Stores Company of America, a petitioning creditor, operates a chain of cigar stores. It holds a substantial part of the voting stock, but not the majority, of the United Retail Chemists Corporation, and by a contract, dated December 7, 1928, came into...

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