In the Matters of WEBCOR, INC., an Illinois corporation et al., Bankrupt, Webcor Sales Company, a New Jersey corporation et al., Bankrupt.
United States Court of Appeals Seventh Circuit.https://leagle.com/images/logo.png
February 7, 1968.
Rehearing Denied March 14, 1968.
Attorney(s) appearing for the Case
Leonard Gesas, Lawrence M. Cooper, Melvin E. Levinson, Robert M. Woodward, Norman H. Nachman, Chicago, Ill., for appellants.
Miles G. Seeley, Milton L. Fisher, Louis I. Kessler, William S. Collen, Mark A. Greenhouse, Chicago, Ill., Arnold M. Quittner, Los Angeles, Cal., Wayne W. Whalen, Chicago, Ill., for appellee Dynamics Corporation of America; Cravath, Swaine & Moore, New York City, Mayer, Friedlich, Spiess, Tierney, Brown & Platt, Chicago, Ill., of counsel. Collen & Kessler, Chicago, Ill., of counsel for appellee Frank M. Whiston, Receiver, now trustee in bankruptcy, appellee.
Norman H. Nachman, Chicago, Ill., for Intervenors Webcor, Inc. and Webcor Sales Co.; Gerald F. Munitz, Allan G. Sweig, James L. Nachman, Chicago, Ill., of counsel.
Before KILEY, SWYGERT, and CUMMINGS, Circuit Judges.
United States Court of Appeals Seventh Circuit.
SWYGERT, Circuit Judge.
In these appeals, certain creditors and shareholders of Webcor, Incorporated and Webcor Sales Company, bankrupts,1 primarily challenge orders of the Referee in Bankruptcy both refusing to set aside an order of adjudication and to reinstate Chapter XI proceedings and confirming the sale of the bankrupts' assets to International Fastener Research Corporation (hereafter I.F.R.C.).2 The...
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