IN RE AUTOMATIC WASHER COMPANY

No. 5-426.

226 F.Supp. 834 (1964)

In the Matter of AUTOMATIC WASHER COMPANY, Debtor.

United States District Court S. D. Iowa, Central Division.

February 17, 1964.


Attorney(s) appearing for the Case

S. David Peshkin, and Wendell B. Gibson, Des Moines, Iowa, for Bankers Life and Casualty Co.

W. Z. Proctor, H. A. Steele and H. M. Coggeshall, Des Moines, Iowa, for C. M. Kirtley, Trustee.

Thomas B. Hart, J. Kirk Windle and William D. Scheid, Chicago, Ill., for Securities and Exchange Commission.

I. Harvey Levinson and Melvin E. Levinson, Chicago, Ill., for shareholders committee.

Eugene Davis, Des Moines, Iowa, and F. J. O'Hara, Jr., Washington, D. C., for respondent Olson Brothers, Inc.


STEPHENSON, Chief Judge.

This matter is now before the Court upon the proposal of the Trustee in a Chapter X reorganization proceedings (Chapter X of the National Bankruptcy Act, 11 U.S.C. § 501 et seq.) to subordinate the interests of certain shareholders.

The Debtor, Automatic Washer Company, is a Delaware Corporation which formerly had its principal place of business in Newton, Iowa, where it engaged in the manufacture and sale of electric washers...

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