IN RE PRUDENCE BONDS CORPORATION

No. 304.

88 F.2d 634 (1937)

In re PRUDENCE BONDS CORPORATION. METZ et al. v. MANUFACTURERS' TRUST CO.

Circuit Court of Appeals, Second Circuit.

March 8, 1937.


Attorney(s) appearing for the Case

Rabenold & Scribner, of New York City (Mark Hyman, Louis G. Bernstein, and Julius J. Rosenberg, all of New York City, of counsel), for appellants Adam Metz and others.

George M. Jaffin and Leonard Klaber, both of New York City (Harry Schneider, of New York City, of counsel), for appellants "Independent Protective Committee."

Newman & Bisco, of New York City (Frank J. Gillis, Frederick E. Winkler, and David Barnet, all of New York City, of counsel), for appellee Manufacturers Trust Co.

Cullen & Dykman, of Brooklyn, N. Y. (Patrick J. Mahoney and Ralph W. Crolly, both of Brooklyn, N. Y., of counsel), for Brooklyn Trust Co., amicus curiæ.

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


PER CURIAM.

This is an appeal from an order in a reorganization proceeding under section 77 B of the Bankruptcy Act, 11 U.S.C.A. § 207, by which the "servicing" of certain pledged bonds and mortgages — security for two series of bonds of the debtor — was transferred from the reorganization trustees to the Manufacturers Trust Company, the pledgee. The only interest at stake is the privilege of collecting the interest upon, and taking care of, the...

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