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IN RE KEESHIN FREIGHT LINES

No. 46 B 26.

86 F.Supp. 439 (1949)

In re KEESHIN FREIGHT LINES, Inc. et al.

United States District Court N. D. Illinois, E. D.

September 26, 1949.

Attorney(s) appearing for the Case

Manuel E. Cowen, Chicago, Ill., for trustees.

Hinshaw & Culbertson, Chicago, Ill., for American Reinsurance.

I. Harvey Levinson, Chicago, Ill., for D. D. Walker.

Gottlieb, Schwartz & Friedman, Chicago, Ill., for Keeshin Freight Lines, Inc. Ryan, Condon & Livingston, Chicago, Ill., for American Fidelity & Casualty Co., Inc.

Barrett, Barrett, Costello & Barrett, Chicago, Ill., for Socony-Vacuum Oil Co. et al.

Lord, Bissell & Kadyk and Russell Greenacre, Chicago, Ill., for St. Paul Fire & Marine Ins. Co.

Mooris Sider, Chicago, Ill., claimant (for himself).

Bohrer, Blackman & Loman, Chicago, Ill., for Fruehauf Trailer Co.

Helen W. Munsert, Chicago, Ill., for Keeshin and Estate of L. M. Walters.

Erich W. Lademann, Chicago, Ill., for Baltimore & Ohio.

Kirkland, Fleming, Green, Martin & Ellis, Chicago, Ill., for American Nat. Bank & Trust Co., Chicago.

Pope & Ballard, Chicago, Ill., for General Motors.

Rooks & Freeman, Chicago, Ill., for Keeskin & Ratner.

Haight, Goldstein & Hobbs, Chicago, Ill., for Esso Standard Oil.

Raymond L. McClory, Chicago Ill., for Seaboard Surety.

Securities & Exchange Commission, Chicago, Ill., for debtors.

LA BUY, District Judge.

On April 14, 1949, two amended plans of reorganization were filed before the court. One is the Trustees' Alternate Plan, known as the Walker Plan, which provides for a sale of the assets at not less than a fair upset price to be fixed by the court. As part of said plan, D. D. Walker and associates guarantee to make a minimum cash bid of $1,410,000. That plan provides, upon approval by the court of the sale under said plan, that if the Walker...

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