IN RE REALTY ASSOCIATES SECURITIES CORPORATION

No. 45024.

56 F.Supp. 1008 (1944)

In re REALTY ASSOCIATES SECURITIES CORPORATION.

District Court, E. D. New York.

August 17, 1944.


Attorney(s) appearing for the Case

Halpin & Keogh, of New York City, for trustees, for the motion.

Auchincloss, Alley & Duncan, of New York City, for debtor.

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

Percival E. Jackson, of New York City, for John Vanneck et al.

Lewis, Marks & Kanter, of Brooklyn, N. Y., Julius Silver, of New York City, and Herrick & Feinstein, of Brooklyn, N. Y., for Bondholders Directors Committee.

Newman & Bisco, of New York City, for Manufacturers Trust Co., Trustee under Indenture July 10, 1933.

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

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

Root, Clark, Buckner & Ballantine, of New York City, for Consolidated Realty Corporation.

Charles J. Buchner, of Brooklyn, N. Y., for Mary C. O'Neill.

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


MOSCOWITZ, District Judge.

This is an application for an order disqualifying the members of the Bondholders Directors Committee from acting as a committee in this reorganization proceeding under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. Among other grounds urged for disqualification are that the members of the committee, having served as directors of the debtor and having joined in the proposal of...

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