In the Matter of WEIS SECURITIES, INC., Debtor.
Claims of George D. ALDRICH, et al.
United States District Court, S. D. New York.https://leagle.com/images/logo.png
January 20, 1977.
January 20, 1977.
Attorney(s) appearing for the Case
Hughes Hubbard & Reed, New York City, for Edward S. Redington, as Trustee; James W. Giddens, James B. Kobak, Jr., David Wiltenburg, New York City, of counsel.
Theodore H. Focht, Gen. Counsel, Washington, D. C., for Securities Investor Protection Corp.; Wilfred R. Caron, Michael E. Don, of counsel.
Paul Gonson, Irving Picard, Washington, D. C., for Securities and Exchange Commission.
Milbank, Tweed, Hadley & McCloy, New York City, for New York Stock Exchange, Inc. amicus curiae; Russell E. Brooks, Martha G. Bannerman, Richard C. Tufaro, New York City, of counsel.
Dickstein, Shapiro & Morin, Washington, D. C., for Claimants Aldrich, Cohu, DeBraganca, Higginson, McGrath, McGrath, Mitchell, Stetson, Jr., Winslow, Winslow and Holden; Sidney Dickstein, Washington, D. C., of counsel.
Baer & Marks, New York City, for Claimant Fidelity Corp.; George H. Colin, New York City, of counsel.
Alan C. Winick, New York City, Lawrence Block, Thomas P. Luning, Carl A. Royal, Schiff Hardin & Waite, Chicago, Ill., for Claimants All American Life & Cas. Co., General United Life Ins. Co. and Robert E. Slater.
Patterson, Belknap & Webb, New York City, for Weis, Voisin & Co., Inc. Employees' Profit-Sharing Plan and Trust; D. Robert Owen, Arthur H. Kroll and Yale D. Tauber, New York City, of counsel.
United States District Court, S. D. New York.
WYATT, District Judge.
These are two appeals from an order of Bankruptcy Judge Babitt filed August 26, 1976. Appellants are (a) the trustee for the liquidation of the business of Weis Securities, Inc. (Weis) under the Securities Investor Protection Act of 1970 (SIPA, 15 U.S.C. § 78aaa and following) and (b) the Securities Investor Protection Corporation (SIPC). The order appealed from denied a motion of the trustee for summary judgment sustaining his objections...
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