IN RE PLANKINTON BLDG. CO.

No. 21189.

40 F.Supp. 517 (1941)

In re PLANKINTON BLDG. CO.

District Court, E. D. Wisconsin.

August 25, 1941.


Attorney(s) appearing for the Case

E. H. Hallows and B. F. Saltzstein, both of Milwaukee, Wis., for debtor.

Pellette & Zillmer, of Milwaukee, Wis., for trustee M. H. Grossman.

Dougherty, Arnold & Kivett and Morris Stern, all of Milwaukee, Wis., for J. H. Lawton and another.

Maxwell Herriott (of Lines Spooner & Quarles), of Milwaukee, Wis., for voting trustees of preferred stockholders.

Kenneth P. Grubb and Leroy J. Burlingame (of Quarles, Spence & Quarles), both of Milwaukee, Wis., for Bondholders Protective Committee.

Olwell & Brady, of Milwaukee, Wis., for Plankinton Trust.

Breed, Abbott & Morgan, of New York City (Colby Stilson and Thomas M. Green, both of New York City, of counsel), for William C. Breed and another.

Arthur E. Boroughf and J. Kirk Windle, both of Chicago, Ill., for Securities and Exchange Commission.

Louis R. Potter, of Milwaukee, Wis., for Albert J. Harvey, Sr.

Harvey C. Hartwig, and E. C. Pommerening, both of Milwaukee, Wis., for Albert J. Harvey, Jr., and others.


DUFFY, District Judge.

This is a proceeding for the reorganization of the debtor corporation under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. The matter for immediate consideration is the determination of the value of the assets of the debtor, as a basis for formulating a plan of reorganization. A wide difference of opinion developed at the hearing, which consumed nine days.

The debtor has a leasehold interest in lands situated on the...

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