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IN RE F. & W. GRAND 5-10-25 CENT STORES, INC.

7 F.Supp. 854 (1934)

In re F. & W. GRAND 5-10-25 CENT STORES, Inc.

District Court, S. D. New York.

May 14, 1934.

Attorney(s) appearing for the Case

Cravath, De Gersdorff, Swaine & Wood, of New York City (Joseph Day Lee and Frank H. Detweiler, both of New York City, of counsel), for trustee.

Gotthold & Gross and Livingston & Livingston, all of New York City, for claimant.

PATTERSON, District Judge.

The claim is founded on a lease made by the claimant to the bankrupt on November 9, 1929, for a twenty-five year term to commence on August 1, 1932. In March, 1932, equity receivers were appointed for the bankrupt, and these receivers gave notice to the claimant on May 21, 1932, that they disaffirmed the lease. An involuntary petition was filed against the bankrupt on July 14, 1932. The claimant filed proof of claim for $112,500, alleged...

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