IN RE REALTY ASSOCIATES SECURITIES CORPORATION

No. 311.

69 F.2d 41 (1934)

In re REALTY ASSOCIATES SECURITIES CORPORATION. REALTY ASSOCIATES SECURITIES CORPORATION et al. v. NEWMAN & BISCO et al.

Circuit Court of Appeals, Second Circuit.

February 13, 1934.


Attorney(s) appearing for the Case

Alfred T. Davison, of New York City (Orrin G. Judd and Alfred T. Davison, both of New York City, of counsel), for appellant bankrupt.

James N. Rosenberg, of New York City, for Realty Associates, Inc.

Schiff, Dorfman & Stein, of New York City (Archibald Palmer, Jacob R. Schiff, Samuel Chess, and Samuel W. Dorfman, all of New York City, of counsol), for appellants Bondholders' Committee of which J. Lester Fierman is Chairman, and for themselves in person.

Colby, Brown & Pollack, of New York City (Edward D. Brown and Edgar A. Pollack, both of New York City, of counsel), for appellants Bondholders' Committee of which William E. Kennedy, Jr., is Chairman, and themselves in person.

William R. Bayes, of New York City, for Frederick S. Robinson Committee and counsel.

Samuel M. Brook, of New York City, for appellees Homer E. Palmer, Charles Gidanski, and Solomon Noveck.

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


MANTON, Circuit Judge.

The Realty Associates Securities Corporation, adjudged a bankrupt July 10, 1933, appeals from an order made below in so far as it remits to the referee in bankruptcy a composition proposed, with instructions to ascertain and report whether a majority in number and amount of its creditors, whose claims have been allowed, will accept the composition with the agreement of the bankrupt to pay "such compensation...

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