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IN RE G.E.C. SECURITIES, INC.

223 F.Supp. 861 (1963)

In the Matter of G.E.C. SECURITIES, INC., Bankrupt.

United States District Court S. D. New York.

November 20, 1963.

Attorney(s) appearing for the Case

Rosen & Rosen, New York City, for Creditors Committee.

Donovan, Leisure, Newton & Irvine, New York City, for respondent Trustee. Francis A. Brick, Jr., Richard N. Winfield, Louis C. Lustenberger, Jr., New York City, of counsel.

COOPER, District Judge.

This is a series of three motions pursuant to § 39, sub. c of the Bankruptcy Act, 11 U.S.C. § 67, sub. c, seeking to vacate the election of James B. Kilsheimer III as trustee in bankruptcy of G.E.C. Securities, Inc. (hereinafter, GECS). GECS was adjudged bankrupt on July 8, 1963.

Prior to the adjudication of bankruptcy, an attempt was made to reorganize GECS under Chapter X of the Bankruptcy Act. The attempted reorganization...

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