SECURITIES AND EXCHANGE COM'N v. WILCOX-GAY CORP.

No. 12691.

231 F.2d 859 (1956)

SECURITIES AND EXCHANGE COMMISSION, Appellant, v. The WILCOX-GAY CORPORATION et al., Appellees.

United States Court of Appeals Sixth Circuit.

April 14, 1956.


Attorney(s) appearing for the Case

William H. Timbers, Washington, D. C., David Ferber, Aaron Levy, Washington, D. C., Thomas B. Hart, J. Kirk Windle, Chicago, Ill., on brief, for appellant.

Joseph S. Radom, Detroit, Mich., Kenney, Radom, Rockwell & Mountain, Detroit, Mich., Arthur J. Homans, New York City, on brief, for appellees.

Before MARTIN, McALLISTER and STEWART, Circuit Judges.


MARTIN, Circuit Judge.

The Securities and Exchange Commission appealed from an order of the United States District Court for the Western District of Michigan denying its motions to dismiss the petitions of the principal debtor, the Wilcox-Gay Corporation, and its subsidiary, under Chapter XI of the Bankruptcy Act, 11 U.S.C.A. § 701 et seq.; and to dismiss the proceeding under Chapter XI, unless the debtors' prior petitions...

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