District Court, E. D. New York.https://leagle.com/images/logo.png
June 11, 1946.
June 11, 1946.
Attorney(s) appearing for the Case
Halpin, Keogh & St. John, of New York City (Eugene J. Keogh and Edward S. St. John, both of New York City, of counsel), for Trustees.
George Zolotar, of New York City (Kiva Berke, of New York City, of counsel), for Securities and Exchange Commission.
Hooker, Alley & Duncan, of New York City (Irving L. Schanzer, of New York City, of counsel), for debtor.
Root, Ballantine, Harlan, Bushby & Palmer, of New York City (William P. Palmer, of New York City, of counsel), for Consolidated Realty Corporation.
Lewis, Marks & Kanter, of Brooklyn, N. Y., and Julius Silver, of New York City (Jack L. Rappaport, of New York City, of counsel), for Bondholders Protective Committee.
Percival E. Jackson and Theodore N. Tarlau, both of New York City (Theodore N. Tarlau, of New York City, of counsel), for Bondholders.
Newman & Bisco, of New York City (Perry A. Hull, of New York City, of counsel), for Manufacturers Trust Co.
Ross W. Lynn, of New York City, for Trustee in Bankruptcy of New York Investors, Inc.
James F. Dealy, of New York City, and Lynn G. Goodnough, of Brooklyn, N. Y., for Amalgamated Properties, Inc.
District Court, E. D. New York.
MOSCOWITZ, District Judge.
Three distinct questions of law are presented upon this review of the Special Master's report. A recital of the facts common to all three may precede a statement of the questions.
The debtor publicly issued in each of the years 1925, 1927 and 1928 coupon bonds in the aggregate principal sum of $15 million bearing interest at 6% per annum. These bonds were guaranteed as to principal and...
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