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GOVERNOR CLINTON CO. v. KNOTT

No. 288.

120 F.2d 149 (1941)

GOVERNOR CLINTON CO., Inc., v. KNOTT et al.

Circuit Court of Appeals, Second Circuit.

June 4, 1941.

Attorney(s) appearing for the Case

James Madison Blackwell, of New York City (Blackwell Bros., of New York City, on the brief), for petitioner-appellee.

Nathan L. Miller, of New York City (Krause, Hirsch & Levin, George C. Levin, and James Nevins Hyde, all of New York City, on the brief), for respondents-appellants David H. Knott and Knott Management Corporation.

Aaron William Levy, of New York City, for respondent-appellant Gabbe.

David Kugel, of New York City, for respondent-appellant Cantor.

Charles E. McMahon, of New York City, for respondent-appellant Gladstone.

Before SWAN, CHASE, and CLARK, Circuit Judges.

CLARK, Circuit Judge.

A voluntary petition for a reorganization of Hotel Governor Clinton, Inc., under the then Bankruptcy Act, § 77B, 11 U.S.C.A. § 207, was filed June 14, 1935. The property of the debtor had been for more than three years under the joint management of a bondholders' committee and of respondents Cantor, Gabbe, and Gladstone, respectively debtor's president, treasurer, and attorney, but during that time had never earned enough to cover taxes...

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