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KATZ v. KILSHEIMER

No. 365, Docket 28701.

327 F.2d 633 (1964)

Kenneth KATZ et al., Holders of Class A Stock of General Economics Syndicate, Inc., Appellants, v. James KILSHEIMER, III, and Alexander Halpern, Trustees of General Economics Corporation and various subsidiaries under Chapter X of the Bankruptcy Act, and Donovan, Leisure, Newton & Irvine, Appellees.

United States Court of Appeals Second Circuit.

Decided February 4, 1964.

Attorney(s) appearing for the Case

Alan E. Bandler, New York City, (Jerome Gartner, Kramer, Bandler & Labaton, on the brief), for appellants Katz et al.

Francis A. Brick, Jr., New York City (Richard N. Winfield, Louis C. Lustenberger, Jr., Donovan, Leisure, Newton & Irvine, New York City, on the brief), for appellees.

Richard Bandler, New York City, for Securities & Exchange Commission.

Before MOORE, FRIENDLY and MARSHALL, Circuit Judges.

FRIENDLY, Circuit Judge.

In July, 1963, General Economics Corporation (Economics) and six subsidiaries, including General Economics Syndicate, Inc. (Syndicate), filed a joint petition for reorganization under Chapter X of the Bankruptcy Act in the District Court for the Southern District of New York. Chief Judge Ryan approved the petition and appointed Kilsheimer and Halpern as trustees for all the corporations and Donovan, Leisure, Newton & Irvine as their counsel...

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