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INSURANCE GROUP v. D. & R.G.W.R. CO.

No. 690.

329 U.S. 607 (1947)

67 S.Ct. 583

91 L.Ed. 547

INSURANCE GROUP COMMITTEE ET. AL. v. DENVER & RIO GRANDE WESTERN RAILROAD CO. ET AL.

Supreme Court of United States.

Decided February 3, 1947.

Attorney(s) appearing for the Case

George D. Gibson and Kenneth F. Burgess argued the cause for petitioners. With them on the brief were Henry W. Anderson, John W. Riely, Morrison Shafroth, William Grant, Walter J. Cummings, Jr., Alexander M. Lewis, Edwin S.S. Sunderland, James L. Homire, W.A.W. Stewart and Arthur A. Gammell.

William V. Hodges and Frank C. Nicodemus, Jr. argued the cause and filed a brief for respondents.

MR. JUSTICE REED delivered the opinion of the Court.

On November 29, 1944, the District Court for the District of Colorado confirmed a plan of reorganization for the debtor, the Denver & Rio Grande Western Railroad Co., 62 F.Supp. 384, notwithstanding the rejection of the plan by holders of the General Mortgage bonds pursuant to § 77 (e). Upon appeal the Circuit Court of Appeals reversed the order of confirmation. This...

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