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IN RE LUDLOW VALVE MANUFACTURING CO.

No. 43028.

181 F.Supp. 356 (1960)

In the Matter of LUDLOW VALVE MANUFACTURING CO., Inc., Debtor.

United States District Court N. D. New York.

February 10, 1960.

Attorney(s) appearing for the Case

Arthur J. Harvey, Albany, N. Y., Justin J. Mahoney, Troy, N. Y., for trustees, John J. Purcell and Abraham C. Goldstein.

William R. Murray, Troy, N. Y., for petitioner-debtor. Javits, Moore & Trubin, Robert S. Warshaw, New York City, of counsel.

Cooper, Erving & Savage, Albany, N. Y., for secured creditor, James Talcott, Inc. Edward S. Rooney, Prescott C. Sook, Albany, N. Y., of counsel.

Harvey M. Lewin, New York City, for certain unsecured creditors.

JAMES T. FOLEY, District Judge.

Substantial and drastic developments in the affairs of the above debtor corporation have taken place since the filing and approval of the petition herein for reorganization under the provisions of Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. Such activity has been rapid fire and occurred over a short period of time. The petition was filed on January 27, 1960, approved...

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