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GAYLORD PRODUCTS v. GOLDING WAVE CLIP CO.

Civ. A. 7673.

161 F.Supp. 746 (1958)

GAYLORD PRODUCTS, Incorporated, Plaintiff, v. GOLDING WAVE CLIP CO., Inc., Mac, Kayn Brothers & Band, Inc., Irving Golding and Stanley J. Rosenfeld, Defendants.

United States District Court W. D. New York.

February 7, 1958.

Attorney(s) appearing for the Case

Hodgson, Russ, Andrews, Woods & Goodyear, Buffalo, N. Y. (John E. Dickinson, Buffalo, N. Y., of counsel), for plaintiff.

Moule, Miles & Cochrane, Buffalo, N. Y. (Raymond T. Miles, Buffalo, N. Y., of counsel), for defendants.

MORGAN, District Judge.

A Chapter XI (section 722 et seq., Title 11 U.S.C.A.) Proceeding was filed by Mervin Wave Clip Co., Inc., a wholly owned subsidiary and Smith Victory Corporation, the parent company, on May 14, 1956. At that time, a representation was made to the court that a debtor-in-possession proceeding was desirable to preserve a local industry and the jobs of some 200 employees. The debtor-in-possession proceeding was most unpleasant. The details are...

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