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IN RE NORTH CONTINENT UTILITIES CORPORATION

No. 355.

54 F.Supp. 527 (1944)

In re NORTH CONTINENT UTILITIES CORPORATION.

District Court, D. Delaware.

February 29, 1944.

Attorney(s) appearing for the Case

David K. Kadane, of Philadelphia, Pa., for Securities and Exchange Commission.

Sidney K. Schiff (of Pam, Hurd & Reichmann), of Chicago, Ill., for North Continent Utilities Corporation.

Helmer Hansen, of Chicago, Ill., for Preferred Stockholders' Committee.

LEAHY, District Judge.

This matter is here on an application of the Securities and Exchange Commission pursuant to Section 11(e) of the Public Utility Holding Company Act of 1935, 15 U.S.C.A. § 79k(e), to approve a certain plan of North Continent Utilities Corporation as fair, equitable and appropriate to effectuate the provisions of Section 11(b) of the Act. At the hearing both the corporation and the Commission supported the plan. A preferred stockholders'...

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