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IN RE CHELSEA HOTEL CORPORATION

No. 12136.

241 F.2d 846 (1957)

In the Matter of CHELSEA HOTEL CORPORATION, Debtor, 601 West 26 Corp. and Claire Freidus, Appellants.

United States Court of Appeals Third Circuit.

Decided March 8, 1957.

Attorney(s) appearing for the Case

Murray Fredericks, Atlantic City, N. J., for appellants.

William F. Hyland, Camden, N. J., for appellee.

Before MARIS and GOODRICH, Circuit Judges, and McILVAINE, District Judge.

MARIS, Circuit Judge.

This is an appeal from an order of the District Court for the District of New Jersey entered in a corporate reorganization proceeding under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. The debtor is the owner of a large ocean-front hotel in Atlantic City and the appellants are stockholders of the debtor and also claim as creditors. The proceedings followed disagreements between the appellants' group and another group of stockholders...

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