IN RE PRUDENCE BONDS CORPORATION

No. 265.

122 F.2d 258 (1941)

In re PRUDENCE BONDS CORPORATION.

Circuit Court of Appeals, Second Circuit.

July 23, 1941.


Attorney(s) appearing for the Case

Charles M. McCarty, of New York City, for Prudence Bonds Corporation (new corporation).

James F. Dealy, of New York City, for Reconstruction Finance Corporation.

Leon London, Alexander E. Klupt, Alfred E. Herz, and McKercher & Link, all of New York City, pro se.

Kadel, Shiels & Weiss, of New York City, pro se and for Prudence Bondholders Protective Ass'n.

Herman G. Robbins, of Brooklyn, N. Y., for Harry H. Oshrin.

Samuel Silbiger, of Brooklyn, N. Y., pro se.

Lawrence R. Condon, of New York City, pro se.

Alfred T. Davidson, of New York City, pro se (Orrin G. Judd, of New York City, of counsel).

Edward Endelman and Jacob A. Freedman, both of New York City, pro se.

Thomas Cradock Hughes and Emanuel Celler, both of New York City (Irving L. Schanzer and Irving Rozen, both of New York City, of counsel), for Trustee of Prudence Company, Inc.

J. M. Richardson Lyeth and John P. Allee, both of New York City, for president and directors of Manhattan Co. and Carter, Ledyard & Milburn.

Newman & Bisco, of New York City, pro se and for Manufacturers Trust Co.

Milbank, Tweed & Hope, of New York City, pro se and for Chase Nat. Bank of City of New York.

Delafield, Marsh, Porter & Hope, of New York City, pro se and for City Bank Farmers Trust Co.

Wright, Gordon, Zachry & Parlin, of New York City, pro se and for Chemical Bank & Trust Co.

Frueauff, Burns, O'Brien & Ruch, of New York City (Clinton J. Ruch and Joseph M. Sullivan, both of New York City, of counsel), for trustee of New York Investors, Inc.

Peabody, Arnold, Batchelder & Luther, of Boston, Mass., for State Street Trust Co.

John R. Walsh, of New York City, as Amicus Curiae.

Before SWAN and AUGUSTUS N. HAND, Circuit Judges.


SWAN, Circuit Judge.

This case embraces a large number of consolidated appeals from orders granting or refusing allowances in a corporate reorganization initiated under section 77B of the Bankruptcy Act, 11 U.S.C.A. § 207, on June 29, 1934. In passing upon the applications for allowances the district judge ruled that the provisions of the Chandler Act 11 U.S.C.A. § 1 et seq., were applicable. The appeals came to this court in two groups. The first group...

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