AUSTRIAN v. WILLIAMS


67 F.Supp. 223 (1946)

AUSTRIAN et al. v. WILLIAMS et al.

District Court, S. D. New York.

May 1, 1946.


Attorney(s) appearing for the Case

Austrian & Lance, of New York City (Saul J. Lance and Isadore H. Cohen, both of New York City, of counsel), for plaintiffs.

Sullivan & Cromwell and Milton Pollack, all of New York City (Milton Pollack, of New York City, of counsel), for Harrison Williams, Clifford F. Stone, Albert E. Pardee, Clinton M. Finney, Onondaga Corporation, Federal Utilities Corporation, New Empire Corporation, Electric Investment Corporation and Utilities Securities Corporation.

Sullivan & Cromwell, of New York City (E. H. Sykes and William Piel, Jr., both of New York City, of counsel), for defendants Howard J. Sachs, Walter E. Sachs, and Bowers, Weinberg, Dulles & Catchings.

LeBoeuf & Lamb, of New York City (Horace R. Lamb and Craigh Leonard, both of New York City, of counsel), for defendants James F. Fogarty and Herbert C. Freeman.

Hawkins, Delafield & Longfellow, of New York City, for John B. Niven, Henry E. Mendes, Francis J. Clowes, Victor H. Stempf, Edwin H. Wagner, Sr., Robert C. Brown, William C. Bechert, and Jacob P. Friedman.

Roger S. Foster, Sol., and Arnold R. Ginsburg, Lawrence M. Greene, and Harold V. Lese, Attys., all of Philadelphia, Pa., for Securities and Exchange Commission.


LEIBELL, District Judge.

In accordance with the direction of the Circuit Court of Appeals, Fourth Circuit, in the Matter of Central States Electric Corporation, 4 Cir., 143 F.2d 684, the plaintiffs herein were substituted as trustees of Central States Electric Corporation in the proceeding for the reorganization of that corporation under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. After an investigation, pursuant...

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