Supreme Court of United States.https://leagle.com/images/logo.png
Argued April 10, 11, 1947.
Decided June 16, 1947.
Attorney(s) appearing for the Case
Milton Pollack argued the cause for petitioners. With him on the brief were Emery H. Sykes, Horace R. Lamb, Lewis L. Delafield, John F. Dooling, Jr. and William Piel, Jr.
Carl J. Austrian argued the cause for respondents. With him on the brief were Saul J. Lance and Isadore H. Cohen.
Acting Solicitor General Washington, Roger S. Foster, Robert S. Rubin and Arnold R. Ginsburg filed a brief for the Securities and Exchange Commission, as amicus curiae, urging affirmance.
Supreme Court of United States.
MR. CHIEF JUSTICE VINSON delivered the opinion of the Court.
Section 2 (a) of the Bankruptcy Act1 confers upon all bankruptcy courts "such jurisdiction at law and in equity as will enable them to exercise original jurisdiction in proceedings under this Act . . . to . . . (7) Cause the estates of bankrupts to be collected, reduced to money and distributed, and determine controversies in relation...
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