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MATTER OF UNISHOPS, INC.

No. 12, Docket 76-5009.

543 F.2d 1017 (1976)

In the Matter of UNISHOPS, INC. and Middletown Center, Inc., et al., Debtors.

United States Court of Appeals, Second Circuit.

Decided September 27, 1976.

Attorney(s) appearing for the Case

Albert Lyons, New York City (Seymour J. Silverberg and Ruben Schwartz & Silverberg, New York City, of counsel), for appellants.

Elias Mann, New York City (Daniel A. Zimmerman, and Levin & Weintraub, New York City, of counsel), for debtors-appellees.

Before HAYS, TIMBERS and GURFEIN, Circuit Judges.

PER CURIAM:

Whites at Middletown, Inc. (Whites) became the owner of the Middletown Shopping Center. It leased the premises to Middletown Center, Inc. (Middletown). Unishops, Inc. bought all the capital stock of Middletown, making it a wholly-owned subsidiary. Whites sold its interest in the Shopping Center to 143 Estates, Inc., the claimant herein. As a condition to its acquisition of the fee, 143 Estates, the new landlord of Middletown, acquired a guarantee of the...

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