SECURITIES AND EXCHANGE COM'N v. CRUMPTON BUILDERS, INC.

No. 20712.

337 F.2d 907 (1964)

SECURITIES AND EXCHANGE COMMISSION, Appellant, v. CRUMPTON BUILDERS, INC., et al., Appellees.

United States Court of Appeals Fifth Circuit.

October 21, 1964.


Attorney(s) appearing for the Case

David Ferber, Atty., SEC, Philip A. Loomis, Jr., Dolph B. H. Simon, Nathan Markowitz, Washington, D. C., for appellant.

Anthony S. Battaglia, Madeira Beach, Fla., for appellees.

Before RIVES, JONES and WISDOM, Circuit Judges.


WISDOM, Circuit Judge.

This case presents the question whether a proceeding under Chapter XI of the Bankruptcy Act should be dismissed on the ground that Chapter X of that Act affords the appropriate relief. In light of the nature and history of the bankrupt, the make-up of its equity and debt holders, and the creditor arrangement that it proposed before the district court, we hold that the district court exceeded the proper...

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