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IN RE INTERNATIONAL RY. CO.

No. 36453.

86 F.Supp. 546 (1949)

In re INTERNATIONAL RY. CO.

United States District Court W. D. New York.

July 7, 1949.

Attorney(s) appearing for the Case

George Zolotar, Frederick Finnegan and Arthur Goldman, New York City, for Securities and Exchange Commission.

Homer Woods and Francis Maloney, Buffalo, N. Y., for Trustees.

Adrian Block, Buffalo, N. Y., for various Tort Claimants.

Penney, Penney, Buerger & Siemer, Buffalo, N. Y., for Bondholders Protective Committee.

Hellings, Ulsh, Morey & Stewart, Buffalo, N. Y., William I. Morey, Buffalo, N. Y., for Bondholders Protective Committee.

Regis O'Brien, Buffalo, N. Y., for Bondholders Protective Committee consisting of William J. Minsch, Jonathan Chace and James H. Sheppard.

Morey, Schlenker & Murrary, Buffalo, N. Y., David Murray, Buffalo, N. Y., for Harry P. Schaub, representing certain individual bondholders.

Kenefick, Cooke, Mitchell, Bass & Letchworth, Buffalo, N. Y., John L. Hollands, Buffalo, N. Y., for Bankers Trust Co.

Thomas J. O'Donnell, Buffalo, N. Y., for S. C. Parker.

Fred C. Maloney, Corporation Counsel of City of Buffalo, Elmer S. Stengel, Assistant, for City of Buffalo.

KNIGHT, Chief Judge.

The Securities and Exchange Commission petitions to disqualify William J. Minsch, Jonathan Chace and James H. Sheppard, from acting as a committee (called Minsch Committee) for bondholders in the reorganization proceedings for the International Railway Company. In reorganization proceedings under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq., it is customary and most advisable that bondholders, such as in this, be directly represented...

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