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IN RE COMMONWEALTH FINANCIAL CORPORATION

No. 30108.

288 F.Supp. 786 (1968)

In the matter of COMMONWEALTH FINANCIAL CORPORATION and its subsidiaries, Neighborhood Finance Co., Inc. and Neighborhood Finance Co., Inc. of Pennsylvania, Debtors.

United States District Court E. D. Pennsylvania.

July 11, 1968.

Attorney(s) appearing for the Case

Leon S. Forman, Wexler, Mulder & Weisman, Philadelphia, Pa., for trustees.

Alexander Adelman, Sidney Chait, Adelman & Lavine, Marcus Manoff, Dilworth, Paxson, Kalish, Kohn & Levy, Philadelphia, Pa., for Morise Thal.

Edwin H. Nordlinger, Richard V. Bandler, New York City, Securities & Exchange Commission.

I. Grant Irey, Jr., Pepper, Hamilton & Scheetz, Philadelphia, Pa., for Bank Lenders Committee.

In Proceedings for the Reorganization of a Corporation under Chapter X of the Bankruptcy Act.

OPINION

JOHN MORGAN DAVIS, District Judge.

Under authority of Section 167 of the Bankruptcy Act, 11 U.S.C. § 567, the trustees in this Chapter X proceeding were granted leave to investigate the "Acts, conduct, property, liabilities and financial condition of the debtors", to include an examination of the "directors and officers of the debtors."

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