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IN RE GENERAL ECONOMICS CORPORATION

No. 294, Docket 30180.

360 F.2d 762 (1966)

In the Matter of GENERAL ECONOMICS CORPORATION, G. E. C. Funding Corp., General Economics Realty, Inc., Toronto-Bayview Realty Limited, General Economics Syndicate, Inc., Secured Financial Corporation, G. E. C. Securities of Florida, Inc., Debtors, The Reorganized Company, General Economics Syndicate, Inc., Appellant.

United States Court of Appeals Second Circuit.

Decided May 24, 1966.

Attorney(s) appearing for the Case

Peter D. Fischbein, New York City (Irwin P. Underweiser, Bernard A. Feuerstein, and Feuerstein & Underweiser, New York City, with him on the brief), for appellant General Economics Syndicate, Inc.

Alan Bandler, New York City (Jerome Gartner and Kramer, Bandler & Labaton, New York City, with him on the brief), for appellants Jerome Gartner and Kramer, Bandler & Labaton.

Francis A. Brick, Jr., New York City (Louis C. Lustenberger, Jr., and Donovan Leisure, Newton & Irvine, New York City, with him on the brief), for appellees James B. Kilsheimer, III, Alexander Halpern, and Donovan, Leisure, Newton & Irvine.

Richard V. Bandler, Asst. Regional Admr. (Philip A. Loomis, Jr., Gen. Counsel, David Ferber, Sol., Barbara Lee and Richard E. Nathan, Attys., S.E.C., with him on the brief), for Securities and Exchange Commission.

Before MOORE, FRIENDLY and ANDERSON, Circuit Judges.

MOORE, Circuit Judge:

These are appeals from an order of the District Court granting final allowances for services rendered in a corporate reorganization proceeding under Chapter X of the Bankruptcy Act, 11 U.S.C. § 501 et seq.

A brief description of the debtor's problems and the history of the reorganization is essential to an appraisal of the fairness of the allowances under review. General Economics Corporation (Economics) formed the debtor, General...

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