IN RE PRUDENCE CO.

Nos. 27496, 27028.

25 F.Supp. 205 (1938)

In re PRUDENCE CO., Inc. Petition of BROOKLYN TRUST CO.

District Court, E. D. New York.

October 17, 1938.


Attorney(s) appearing for the Case

Thomas Cradock Hughes and Emanuel Celler, both of New York City (Thomas Cradock Hughes, of New York City, of counsel), for Trustees of Prudence Co., Inc., debtor.

Cullen & Dykman, of Brooklyn, N. Y. (Patrick J. Mahoney, of Brooklyn, N. Y., of counsel), for Brooklyn Trust Co.

Percival E. Jackson and Clinton T. Roe, both of New York City (Milton Loewe, of New York City, of counsel), for Prudence Securities Advisory Group.

Kadel, Sheils & Weiss, of New York City (Nicholas R. Jones, of New York City, of counsel), for Prudence Bondholders Protective Ass'n.

Delafield, Marsh, Porter & Hope, of New York City (Frederic P. Rich, of New York City, of counsel), for Hurd Committee.

Root, Clark, Buckner & Ballantine, of New York City (William P. Palmer, of New York City, of counsel), for Reconstruction Finance Corporation.

Lynn G. Goodnough, of Brooklyn, N. Y., for Realty Associates Securities Corporation.


MOSCOWITZ, District Judge.

An application was made by Brooklyn Trust Company, a creditor, for an order referring the plan of reorganization for this debtor, proposed by Reconstruction Finance Corporation, to the Securities and Exchange Commission pursuant to the provisions of the recently enacted Chandler Bill.

Since this proceeding was instituted long prior to June 22, 1938, the provisions of Chapter 10 of the new Bankruptcy Act may apply only to the extent...

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