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IN RE PRUDENCE CO.

Nos. 27496, 27028.

30 F.Supp. 639 (1939)

In re PRUDENCE CO., Inc. Application of EDDY. Claim of RECONSTRUCTION FINANCE CORPORATION.

District Court, E. D. New York.

October 5, 1939.

Attorney(s) appearing for the Case

Samuel Silbiger, of Brooklyn, N. Y., for petitioner.

Root, Clark, Buckner & Ballantine, of New York City (W. P. Palmer and Everett I. Willis, both of New York City, of counsel), for Reconstruction Finance Corporation.

Thomas Cradock Hughes and Emanuel Celler, both of New York City (Thomas Cradock Hughes, of New York City, of counsel), for Trustee.

MOSCOWITZ, District Judge.

Petitioner, George E. Eddy, seeks an order for the following relief: "why the petition of George E. Eddy should not be granted and the proof of claim of the Reconstruction Finance Corporation and the allowance of said claim herein should not be reconsidered and said claim rejected in whole or in part."

The basis of the application is that Reconstruction Finance Corporation failed to credit the fair and reasonable value of its collateral...

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