SURFACE TRANSIT, INC. v. SAXE, BACON & O'SHEA

No. 263, Docket 25474.

266 F.2d 862 (1959)

SURFACE TRANSIT, INC., et al., Appellants, v. SAXE, BACON & O'SHEA et al., Appellees. In re Allowances in ESTATE of THIRD AVENUE TRANSIT CORPORATION, Debtor.

United States Court of Appeals Second Circuit.

Decided May 11, 1959.


Attorney(s) appearing for the Case

John A. Wilson, of Shearman & Sterling & Wright, New York City (W. M. L. Robinson, of Shearman & Sterling & Wright, New York City, on the brief), for appellants Surface Transit, Inc., Westchester Street Transportation Co., Inc., and Warontas Press, Inc., the Reorganized Companies.

Abe Fortas, of Arnold, Fortas & Porter, Washington, D. C. (Abe Krash, of Arnold, Fortas & Porter, Washington, D. C., and Hiram S. Gans and Ernest Leff, New York City, on the brief), for appellant Hiram S. Gans.

Mortimer Brenner, of Lehman, Goldmark & Rohrlich, New York City (Jerome L. Abrams, of Lehman, Goldmark & Rohrlich, New York City, on the brief), for appellant I. Howard Lehman, Trustee.

James E. Freehill, New York City (James J. Geraghty, deceased, and Frederick G. Demarest, New York City, on the brief), for appellant Lester T. Doyle, Trustee.

Thomas G. Meeker, Gen. Counsel, and David Ferber, Asst. Gen. Counsel, Securities and Exchange Commission, Washington, D. C. (Richard V. Bandler, Special Counsel, and Harvey Frank, Atty., Regional Office, Securities and Exchange Commission, New York City, and Arthur Blasberg, Jr., and Peter H. Morrison, Attys., Securities and Exchange Commission, Washington, D. C., on the brief), for Securities and Exchange Commission.

Osmond K. Fraenkel, of Hays, St. John, Abramson & Heilbron, New York City (Morris Shilensky, of Hays, St. John, Abramson & Heilbron, New York City, on the brief), for appellants Hays, St. John, Abramson & Heilbron.

Thomas O'Gorman FitzGibbon, of Davis, Polk, Wardwell, Sunderland & Kiendl, New York City (Saxe, Bacon & O'Shea and William A. Kaynor, of Davis, Polk, Wardwell, Sunderland & Kiendl, New York City, on the brief), for appellee Saxe, Bacon & O'Shea.

Edward M. Garlock, New York City, pro se.

Morton E. Yohalem and Harold P. Seligson, New York City, for appellees Amott Committee and its counsel Harold P. Seligson, Edmund Burke, Jr., and Morton E. Yohalem.

Arthur Karger, New York City, for appellee Estate of Robert Irving Lennox.

John Dwight Sullivan, of Murphy, Block, Sullivan & Sawyer, New York City (Daniel W. Blumenthal, Victor S. Gettner, and Mendel Lurie, New York City, on the brief), for appellees the O'Connell Committee and counsel.

Harold I. Meyerson, of Kresel & Meyerson, New York City, for appellees Charles B. Wiggin, Edward A. Roberts, E. Ralph Sterling, and Kresel & Meyerson.

Frank H. Heiss, of Kelley, Drye, Newhall & Maginnes, New York City (John J. Loflin, Jr., of Kelley, Drye, Newhall & Maginnes, New York City, on the brief), for appellees The Hanover Bank, Indenture Trustee, and Kelley, Drye, Newhall & Maginnes, counsel for The Hanover Bank.

William Mertens, New York City, pro se and counsel for appellee Tort Claimants Committee.

Dennis M. Hurley and Joseph E. Swierzbinski, New York City, for appellee Edward C. Maguire, Special Counsel to Trustees.

Charles Poletti, New York City, Edmund B. Hennefeld, of Hoffman, Buchwald, Nadel, Cohen & Hoffman, and Buchman & Buchman, New York City, for appellees Charles Poletti, Hoffman, Buchwald, Nadel, Cohen & Hoffman, and Buchman & Buchman.

Sidney R. Nussenfeld and Wagner, Quillinan & Tennant, New York City, for appellee Wagner, Quillinan & Tennant.

Oscar S. Rosner and Abraham Altus, of Baker, Obermeier & Rosner, New York City, for appellee Baker, Obermeier & Rosner, co-counsel for Tinker Committee.

Before CLARK, Chief Judge, and SWAN and MOORE, Circuit Judges.


CLARK, Chief Judge.

This is the final round in the Chapter X reorganization of the Third Avenue Transit Corporation, a common carrier of passengers, and its subsidiaries instituted by the filing of an involuntary petition on October 25, 1948. The debtor at that time was enmeshed in what seemed to be insoluble problems involving limitations on the fares it could charge, heavy wage demands of its employees, and franchise tax...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases