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CHEMICAL BANK & TRUST CO. v. PRUDENCE-BONDS CORP.

No. 246, Docket 22635.

207 F.2d 67 (1953)

CHEMICAL BANK & TRUST CO. v. PRUDENCE-BONDS CORP. (NEW CORP.) et al.

United States Court of Appeals Second Circuit.

Decided August 20, 1953.

Attorney(s) appearing for the Case

Charles M. McCarty, New York City (Geo. C. Wildermuth and Samuel Silbiger, Brooklyn, N. Y., and Nemerov & Shapiro and Koenig & Bachner, New York City, on the brief), for Prudence-Bonds Corp. (New Corp.) and others, objectors-appellants.

Lester Kissel, New York City (Shearman & Sterling & Wright, Philip A. Carroll, and Hans H. Angermueller, New York City, on the brief), for Chemical Bank & Trust Co., petitioner-appellee.

Before CHASE, CLARK and FRANK, Circuit Judges.

CLARK, Circuit Judge.

These appeals arise from the last of the accountings submitted, in connection with the reorganization under former § 77B of the Bankruptcy Act, 11 U.S.C. § 207, of the debtor Prudence-Bonds Corporation, by various banks serving as trustees of the trust funds established to secure the debtor's eighteen series of Prudence-Bonds. Several of the earlier accountings have been the subject of decision...

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