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COMSTOCK v. GROUP OF INVESTORS

No. 451.

335 U.S. 211 (1948)

68 S.Ct. 1454

92 L.Ed. 1911

COMSTOCK v. GROUP OF INSTITUTIONAL INVESTORS ET AL.

Supreme Court of United States.

Decided June 21, 1948.

Attorney(s) appearing for the Case

Maxwell Brandwen argued the cause, and William H. Biggs filed a brief, for petitioners.

Charles W. McConaughy argued the cause for the Group of Institutional Investors et al.; and Leonard P. Moore argued the cause for the Manufacturers Trust Co., respondents. With them on the brief were Clair B. Hughes and Sanford H.E. Freund.

Harry Kirshbaum argued the cause and filed a brief for the Convertible Bondholders Group, respondents.

MR. JUSTICE JACKSON delivered the opinion of the Court.

Since 1933 the Missouri Pacific, the New Orleans, Texas and Mexico Railway Co. and a number of affiliated railroad corporations have been in reorganization under the Bankruptcy Act, 11 U.S.C. § 205. A second plan of reorganization, approved by the Interstate Commerce Commission, was before the District Court for the Eastern District of Missouri. Comstock then, in 1944, made objection to allowance of a claim...

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