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IN RE STRATFORD FINANCIAL CORPORATION

No. 63 B 810.

264 F.Supp. 917 (1967)

In the Matter of STRATFORD FINANCIAL CORPORATION, Debtor.

United States District Court S. D. New York.

March 2, 1967.

Attorney(s) appearing for the Case

Hahn, Hessen, Margolis & Ryan, New York City, Harry A. Margolis and Julius J. Abeson, New York City, of counsel, for reviewing petitioners.

Feuer & Bryer, New York City, for respondent.

MANSFIELD, District Judge.

This is a petition to review a November 3, 1965 order of Referee in Bankruptcy Edward J. Ryan which was made in accordance with a stipulation and order adjusting and compromising controversies between Phareb Associates Company, the respondent (hereinafter "Phareb"), and the debtor, Stratford Financial Corporation. The background is as follows:

By orders dated May 13 and September 21, 1964, Referee Ryan approved a stipulation between...

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