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FIDELITY MORTG. INVESTORS v. CAMELIA BUILDERS, INC.

No. 1028, Docket 76-5007.

550 F.2d 47 (1976)

In re Fidelity Mortgage Investors, Debtor. FIDELITY MORTGAGE INVESTORS, Applicant-Appellee, v. CAMELIA BUILDERS, INC., et al., Respondents-Appellants.

United States Court of Appeals, Second Circuit.

Decided September 3, 1976.

Rehearing Denied November 5, 1976.

Certiorari Denied February 22, 1977.

Attorney(s) appearing for the Case

Jeffery H. Hubbard, Houston, Tex., for respondents-appellants.

Michael Cook, New York City (Weil, Gotshal & Manges, Richard P. Krasnow, Philip H. Kalban, New York City, of counsel), for applicant-appellee.

Before SMITH, MANSFIELD and VAN GRAAFEILAND, Circuit Judges.

Certiorari Denied February 22, 1977. See 97 S.Ct. 1107.

J. JOSEPH SMITH, Circuit Judge:

Fidelity Mortgage Investors (hereinafter, "FMI"), is a real estate investment trust organized under the laws of Massachusetts.1 Like many other real estate investment trusts, FMI has not weathered the recent recession. As a result, FMI has been forced to file for reorganization under Chapter XI of the federal Bankruptcy Act, 11 U.S.C. §...

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