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IN RE COMMONWEALTH FINANCIAL CORPORATION

No. 17455.

408 F.2d 640 (1969)

In the Matter of COMMONWEALTH FINANCIAL CORPORATION and its subsidiaries, Neighborhood Finance Co., Inc., and Neighborhood Finance Co., Inc., of Pennsylvania, and Morise Thal, President of the debtors corporations, Appellant.

United States Court of Appeals Third Circuit.

Decided February 24, 1969.

Rehearing Denied March 19, 1969.

Certiorari Denied June 16, 1969.

Attorney(s) appearing for the Case

Stuart H. Savett, Dilworth, Paxson, Kalish, Kohn & Levy, Philadelphia, Pa. (Adelman & Lavine, Alexander B. Adelman, Marcus Manoff, Philadelphia, Pa., on the brief), for appellant.

Paul Gonson, S.E.C., Washington, D. C. (Richard V. Bandler, Associate Regional Administrator, Edwin H. Nordlinger, Special Counsel, Henry I. Rothman, Atty., S.E.C., New York City, Philip A. Loomis, Jr., Gen. Counsel, David Ferber, Solicitor, Harvey A. Rowen, Atty., S.E.C., Washington, D. C., on the brief), for Securities and Exchange Commission.

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

Before HASTIE, Chief Judge, and McLAUGHLIN and STAHL, Circuit Judges.

Certiorari Denied June 16, 1969. See 89 S.Ct. 2104.

OPINION OF THE COURT

PER CURIAM.

The present controversy has arisen during the course of a corporate reorganization proceeding under Chapter X of the Bankruptcy Act. The Securities and Exchange Commission became a party to this proceeding, as authorized by section 208 of Chapter X, 11 U.S.C. § 608, by filing and obtaining the court's approval of its notice of appearance. Subsequently, the court...

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