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IN RE SPECTRUM ARENA, INC.

Nos. 71-1970, 71-1971, 71-2166 and 71-2170.

462 F.2d 156 (1972)

In the Matter of SPECTRUM ARENA, INC., Debtor. Appeal of Philip KALODNER et al.

United States Court of Appeals, Third Circuit.

Decided May 26, 1972.

Attorney(s) appearing for the Case

Philip P. Kalodner, Philadelphia, Pa., for appellants.

Sidney Chait, Adelman & Lavine, Philadelphia, Pa., for appellees, Trustees of the Spectrum Arena, Inc.

LeRoy E. Perper, White & Williams, Philadelphia, Pa., for appellee, ARA Services, Inc.

Gilbert W. Oswald, Philadelphia, Pa., for appellees, Foreman and Snider, as proponents of the Trustees' Plan of Reorganization.

Before MAX ROSENN and JAMES ROSEN, Circuit Judges and TEITELBAUM, District Judge.

OPINION OF THE COURT

PER CURIAM:

The financial problems of the debtor, Spectrum Arena, Inc., led it to bankruptcy shortly after its incorporation. Spectrum was organized1 in May, 1967 to construct and operate an indoor arena to be used for Philadelphia's professional hockey and basketball games, as well as for other sporting and special events ranging from boxing and tennis matches to ice shows and circuses. Even the wide diversity...

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