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IN RE REALTY ASSOCIATES SECURITIES CORPORATION

No. 45024.

56 F.Supp. 1007 (1944)

In re REALTY ASSOCIATES SECURITIES CORPORATION.

District Court, E. D. New York.

June 27, 1944.

Attorney(s) appearing for the Case

Halpin & Keogh, of New York City (Eugene J. Keogh and Edward S. St. John, both of New York City, of counsel), for trustees.

Auchincloss, Alley & Duncan, of New York City (James B. Alley, Charles R. Lowther and Arnold Furst, all of New York City, of counsel), for debtor.

James F. Dealy, of New York City, for Amalgamated Properties, Inc.

Irving L. Schanzer, of New York City, for Prudence Realization Corporation.

Joseph R. Margulies, of New York City, for bondholders Ernestine Needles, Abraham Needles, et al.

George Zolotar, of New York City, for Securities and Exchange Commission.

MOSCOWITZ, District Judge.

Realty Associates Securities Corporation is in the process of reorganization under Chapter X of the Bankruptcy Act, 11 U.S. C.A. § 501 et seq. Hunter L. Delatour and Raymond Reisler were appointed as disinterested trustees by order of this Court on September 28, 1943, to administer the estate as officers of the court.

Espade Realty Corporation, a wholly owned subsidiary of Realty Associates Securities Corporation, filed a voluntary...

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