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IN RE LILYKNIT SILK UNDERWEAR CO.

No. 359.

73 F.2d 52 (1934)

In re LILYKNIT SILK UNDERWEAR CO., Inc. FULTON COUNTY SILK MILLS et al. v. IRVING TRUST CO.

Circuit Court of Appeals, Second Circuit.

August 31, 1934.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges, of New York City (Eli M. Spark, of New York City, of counsel), for appellants.

Hahn, Abeson & Golin, of New York City (Julius J. Abeson, of New York City, of counsel), for trustee.

Before MANTON, SWAN, and CHASE, Circuit Judges.

CHASE, Circuit Judge.

After an involuntary petition in bankruptcy had been filed in the Southern District of New York against Lilyknit Silk Underwear Company, Inc., the corporation, before adjudication, made an offer in composition that was accepted by a majority of its creditors in number and amount. A minority of the creditors objected. A reference to a special master resulted in a report recommending confirmation of the...

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