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PROTECTIVE COMMITTEE v. ANDERSON

No. 38.

390 U.S. 414 (1968)

PROTECTIVE COMMITTEE FOR INDEPENDENT STOCKHOLDERS OF TMT TRAILER FERRY, INC. v. ANDERSON, TRUSTEE IN BANKRUPTCY, ET AL.

Supreme Court of United States.

Decided March 25, 1968.

Attorney(s) appearing for the Case

Irwin L. Langbein argued the cause for petitioner. With him on the briefs was Irma S. Mason.

William P. Simmons, Jr., argued the cause and filed a brief for respondent Anderson. M. James Spitzer argued the cause for respondents Shaffer et al. With him on the brief were Ronald J. Offenkrantz and Jackson L. Peters.

David Ferber, by special leave of Court, argued the cause for respondent Securities and Exchange Commission. With him on the briefs were Solicitor General Griswold, Ralph S. Spritzer, Daniel M. Friedman, Philip A. Loomis, Jr., and Paul Gonson.

MR. JUSTICE WHITE delivered the opinion of the Court.

This case involves a corporate reorganization under Chapter X of the Bankruptcy Act, 52 Stat. 883, 11 U. S. C. §§ 501-676. In the most recent proceedings1 the District Court approved an amended plan of reorganization and discharged the petitioner Committee.2 The Court of Appeals for the Fifth Circuit affirmed, 364 F.2d 936

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