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IN RE INTERSTATE POWER CO.

Civ. No. 1003.

71 F.Supp. 164 (1947)

In re INTERSTATE POWER CO. et al.

District Court, D. Delaware.

April 10, 1947.

Attorney(s) appearing for the Case

Myron S. Isaacs, of Philadelphia, Pa., for Securities & Exchange Commission.

Clement F. Springer (of Matthews & Springer), of Chicago, Ill., for Interstate Power Co.

Douglas A. Calkins (of Simpson, Thatcher & Bartlett), of New York City, for Ogden Corporation.

Frank H. Detweiler (of Cravath, Swaine & Moore), of New York City, for Chemical Bank & Trust Co.

Paul J. Kern, of New York City, for Samuel Plotkin.

LEAHY, District Judge.

This is what the plan of reorganization does — it provides that Interstate, an electric utility company which is also a registered holding company, will reduce its debt, eliminate its preferred stock, create a new common stock with an equity in assets and earnings, raise working capital and reserve the relative rights of its security holders pending the determination of the legal issues relating to the possible subordination of holdings...

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