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IN RE ELECTRIC BOND & SHARE CO.

95 F.Supp. 492 (1951)

In re ELECTRIC BOND & SHARE CO.

United States District Court S. D. New York.

January 24, 1951.

Attorney(s) appearing for the Case

Harry G. Slater, Washington, D. C., Chief Counsel, Securities and Exchange Commission.

Simpson Thacher & Bartlett, New York City, by Richard Jones, New York City, for Electric Bond & Share Co.

Hawkins, Delafield & Wood, New York City, by John F. B. Mitchell, Jr., New York City, for Cornell Committee.

Debevoise, Plimpton & McLean, New York City, by A. Fairfield Dana, New York City, for John Hancock Mut. Life Ins. Co.

Samuel Okin, pro se.

Percival E. Jackson, New York City, for Electric Bond & Share Co. $6 Preferred Stock Certificates Committee.

Paul J. Kern, New York City, for certain $5 preferred stockholders of Electric Bond & Share Co.

McGOHEY, District Judge.

The Securities and Exchange Commission, pursuant to §§ 11(e) and 18(f) of the Public Utility Holding Company Act of 1935, 15 U.S.C.A. §§ 79k(e), 79r(f), applies for approval and enforcement of a plan.

Upon consideration of the oral arguments and the helpful briefs submitted by counsel I am of the opinion that the Commission's findings and conclusions upholding the plan as fair and equitable are based on substantial...

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