In re The DUPLAN CORPORATION, Duplan Fabrics, Inc., Debtors.
United States District Court, S.D. New York.https://leagle.com/images/logo.png
December 15, 1980.
As Amended December 18, 1980.
Attorney(s) appearing for the Case
Alfred P. Slaner, trustee.
Shea & Gould, New York City, for trustee; Lonn A. Trost, Jacalyn F. Barnett, New York City, of counsel.
Curtis, Mallet-Prevost, Colt & Mosle, New York City, for United States Trust Co., Successor Indenture Trustee; John P. Campbell, Cormack K.H. O'Malley, New York City, of counsel.
Cravath, Swaine & Moore, New York City, for Chemical Bank; Gregory Markel, David Cohen, New York City, of counsel.
Zalkin, Rodin & Goodman, New York City, for Security Pac. Nat. Bank, North Carolina Nat. Bank and First Nat. Bank of Chicago; Richard S. Toder, Menachem O. Zelmanovitz, Henry Lewis Goodman, New York City, of counsel.
Nathan M. Fuchs, New York City, of counsel, for Securities & Exchange Commission.
Hahn, Hessen, Margolis & Ryan, New York City, for Gal-Lazare Group Senior Subordinated Noteholders; Gabriel B. Schwartz, Jerald E. Podair, New York City, of counsel.
Bader & Bader, New York City, for Debenture Committee; Albert Mayer, New York City, of counsel.
Landau, Berkowitz & Nostrand, New York City, for Schlesinger-Rothkopf Group of Senior Subordinated Noteholders; Marvin E. Landau, New York City, of counsel.
United States District Court, S.D. New York.
OPINION
KEVIN THOMAS DUFFY, District Judge:
I. BACKGROUND
On August 31, 1976, the Duplan Corporation and Duplan Fabrics, Inc. [collectively herein "Duplan"] filed bankruptcy petitions in the Bankruptcy Court under Chapter XI Section 322 of the Bankruptcy Act. On October 5, 1976, the Bankruptcy Court granted the motion of the Securities and Exchange Commission [hereinafter "SEC"] to transfer the cases to Chapter X. The following day, Alfred P. Slaner...
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