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IN RE NEW YORK INVESTORS

Nos. 492, 493.

79 F.2d 182 (1935)

In re NEW YORK INVESTORS, Inc. RECONSTRUCTION FINANCE CORPORATION v. ENDELMAN et al.

Circuit Court of Appeals, Second Circuit.

July 22, 1935.

Attorney(s) appearing for the Case

Root, Clark, Buckner & Ballentine, of New York City (William P. Palmer and Everett I. Willis, both of New York City, of counsel), for appellant.

Edward Endelman. of New York City, pro se.

Powell & Ruch, of New York City (Clinton J. Ruch, of New York City, of counsel), for appellees Powell & Ruch and Charles H. Kelby and Clifford S. Kelsey, as trustees.

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

AUGUSTUS N. HAND, Circuit Judge.

The appellees Kelby and Kelsey were appointed equity receivers of New York Investors, Inc., on July 14, 1933, and remained such until January 7, 1935. Their work thus covered about eighteen months, and upon its termination they became trustees in the reorganization proceeding instituted by the debtor under section 77B of the Bankruptcy Act (11 USCA § 207). On June 29, 1934, they were appointed trustees of Prudence-Bonds Corporation...

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