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IN RE HENRY KLEIN & CO.

No. 22719.

1 F.Supp. 376 (1932)

In re HENRY KLEIN & CO., Inc.

District Court, E. D. New York.

October 13, 1932.

Attorney(s) appearing for the Case

Henry Waldman and Hays, St. John, Abramson & Schulman, all of New York City (Louis Posner, of New York City, of counsel), for petitioners.

Louis Bevier, of New York City, for petitioning creditors.

James A. Farrell, of New York City, for alleged bankrupt.

John H. Jackson, of New York City, for Great Island Corporation.

BYERS, District Judge.

This is a motion by eleven holders of preferred stock of the alleged bankrupt for leave to intervene in the proceeding, file an answer denying insolvency, and go to trial on that issue.

An involuntary petition was filed on July 13, 1932, two days after the directors had adopted a resolution authorizing the president to deliver to creditors a written statement that the corporation was unable...

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