CENTRAL STATES ELECTRIC CORPORATION et al.
v.
AUSTRIAN et al.
United States Court of Appeals Fourth Circuit.https://leagle.com/images/logo.png
Argued July 6, 1950.
Decided August 16, 1950.
Attorney(s) appearing for the Case
Thomas B. Gay, Richmond, Va., Leo B. Mittelman, T. Roland Berner, pro se, Thomas F. Boyle and Morton G. Rosenberg, all of New York City (Hunton, Williams, Anderson, Gay & Moore, H. Merrill Pasco, all of Richmond, Va., Boyle, Feller, Stone & McGivern, James P. Reeves, all of New York City, Wallerstein, Goode, Drewry & Adamson, Richmond, Va., Stephen D. Finale, Karelsen, Karelsen, Rubin & Rosenberg, all of New York City, John H. Bocock, George E. Allen Sr., Richmond, Va., Norman S. Nemser, New York City, Alfred J. Kirsh, Richmond, Va., Stanley Nemser, New York City, Leonard L. Cowan, Washington, D. C., and B. Gary Blake, Richmond, Va., on brief), for appellants.
Roger S. Foster, General Counsel, Washington, D. C. (Lawrence M. Greene, Special Counsel, Philadelphia, Pa., Manuel F. Cohen, Brooklyn, N. Y., and Aaron Levy, Washington, D. C., on brief), for Securities and Exchange Commission.
Walter H. Brown, Jr., George Rosier, New York City, Thomas C. Egan, Philadelphia, Pa., and Fred G. Pollard, Richmond, Va. (Austrian & Lance, Saul J. Lance, Wilkie, Owen, Farr, Gallagher & Walton, all of New York City, Denny, Valentine, & Davenport, Charles S. Valentine, Williams, Mullen & Hazelgrove, Guy Hazelgrove, all of Richmond, Va., Harry R. Axelroth, Philadelphia, Pa., David J. Mays, Richmond, Va., Francis E. Walter, Easton, Pa., and Tucker, Mays, Cabell & Moore, Richmond, Va., on brief), for appellees.
Before PARKER, Chief Judge, and SOPER and DOBIE, Circuit Judges.
United States Court of Appeals Fourth Circuit.
DOBIE, Circuit Judge.
This is an appeal from an order of the United States District Court for the Eastern District of Virginia approving a plan for the reorganization in bankruptcy under Chapter X of the Central Electric Corporation (hereinafter called Central). Petition for reorganization was filed in 1942 and for more than eight years the affairs of the corporation have been in the hands of the court. At the time the petition was filed, the assets of the corporation...
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