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IN RE FARRINGTON MFG. CO.

Nos. 75-1354, 75-1355.

540 F.2d 653 (1976)

In re FARRINGTON MANUFACTURING COMPANY et al., Debtors (two cases). NEW ENGLAND MERCHANTS NATIONAL BANK, Appellant, v. Gerald M. O'DONNELL, Trustee, Appellee. Robert E. McLAUGHLIN and Steptoe & Johnson, Counsel for Trustee in Reorganization, Appellants, v. Gerald M. O'DONNELL, Trustee, Appellee.

United States Court of Appeals, Fourth Circuit.

Decided March 23, 1976.

Attorney(s) appearing for the Case

Daniel A. Carrell, Richmond, Va., Calvin H. Cobb, Jr., Irving H. Picard, Acting Chief Counsel, Div. of Corporate Regulation, S.E.C., Washington, D.C. (Stanley Keller, Jeffrey Swope, Palmer & Dodge, Boston, Mass., Lawrence E. Nerheim, Gen. Counsel, David Ferber, Sol., S.E.C., Robert E. McLaughlin, John M. Edsall, Steptoe & Johnson, Washington, D.C., on brief), for appellants.

Stewart C. Economou, Alexandria, Va., for appellee.

Before HAYNSWORTH, Chief Judge, and RUSSELL and WIDENER, Circuit Judges.

DONALD RUSSELL, Circuit Judge.

These are appeals from orders of the District Court drastically reducing the allowance of counsel fees for the former trustee of the debtors in reorganization and the claim of the indenture trustee for certain services, costs and expenses. We reverse.

The reorganization proceedings, in connection with which these allowances were requested, commenced in January, 1971. The debtor Farrington Manufacturing Company was originally...

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