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SEC v. AMERICAN TRAILER RENTALS

No. 35.

379 U.S. 594 (1965)

SECURITIES AND EXCHANGE COMMISSION v. AMERICAN TRAILER RENTALS CO.

Supreme Court of United States.

Decided January 18, 1965.

Attorney(s) appearing for the Case

Daniel M. Friedman argued the cause for petitioner. With him on the briefs were Solicitor General Cox, Philip A. Loomis, Jr., and David Ferber.

Arthur W. Burke, Jr., argued the cause and filed a brief for respondent.

Marcien Jenckes argued the cause and filed a brief for the State Mutual Life Assurance Company of America et al., as amici curiae.

MR. JUSTICE GOLDBERG delivered the opinion of the Court.

The issue in this case is whether respondent's attempted corporate rehabilitation under the Bankruptcy Act, materially affecting the rights of widespread public investor creditors, may be conducted under Chapter XI of the Bankruptcy Act, 52 Stat. 905, as amended, 11 U. S. C. § 701 et seq. (1958 ed.), or whether dismissal or, in effect, transfer to proceedings under Chapter X of that Act, 52 Stat...

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