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CONTINENTAL INS. CO. v. LOUISIANA OIL REFINING CORP.

No. 8315.

89 F.2d 333 (1937)

CONTINENTAL INS. CO. et al. v. LOUISIANA OIL REFINING CORPORATION et al.

Circuit Court of Appeals, Fifth Circuit.

April 10, 1937.

Attorney(s) appearing for the Case

Sidney L. Herold and Isaac Abramson, both of Shreveport, La., Joseph A. McCaleb and Charles I. Denechaud, both of New Orleans, La., Aubrey Barbour, of Newport, Ky., and H. Struve Hensel, of New York City, for appellants.

H. C. Walker, Jr., Elias Goldstein, Arthur O'Quin, Leon O'Quin, Robert Roberts, Jr., and Howard B. Warren, all of Shreveport, La., for appellees.

Before SIBLEY, HUTCHESON, and HOLMES, Circuit Judges.

SIBLEY, Circuit Judge.

Louisiana Oil Refining Corporation, claiming to be a debtor unable to meet its debts as they mature, filed its petition for a reorganization of itself and a subsidiary corporation wholly owned by it under Bankruptcy Act § 77B (11 U.S.C.A. § 207). The plan offered was, after a year's delay, amended and confirmed. Three appeals are before us: one by common stockholders, one by a preferred stockholder who consistently opposed the plan...

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