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NIAGARA HUDSON CORP. v. LEVENTRITT.

No. 211.

340 U.S. 336 (1951)

NIAGARA HUDSON POWER CORP. v. LEVENTRITT.

Supreme Court of United States.

Decided January 15, 1951.

Attorney(s) appearing for the Case

Randall J. LeBoeuf, Jr. argued the cause for petitioner in No. 211. With him on the brief were Craigh Leonard and Lauman Martin.

Roger S. Foster argued the cause for petitioner in No. 212. With him on the brief were Solicitor General Perlman and John F. Davis.

T. Roland Berner and M. Victor Leventritt argued the cause for respondent. With them on the brief was Aaron Lewittes.

MR. JUSTICE BURTON delivered the opinion of the Court.

These cases test the validity of the Securities and Exchange Commission's finding that a plan of reorganization is "fair and equitable" within the meaning of § 11 of the Public Utility Holding Company Act of 1935,1 although the plan makes no provision for the participation of outstanding stock option warrants relating to the common stock of the company to be reorganized. The basis...

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