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IN RE AMERICAN GUARANTY CORPORATION

No. 63-17.

246 F.Supp. 322 (1965)

In the Matter of AMERICAN GUARANTY CORPORATION, Debtor.

United States District Court D. Rhode Island.

September 9, 1965.

Attorney(s) appearing for the Case

Richard L. Veron, New York City, for Securities and Exchange Commission.

Alfred B. Stapleton, Providence, R. I., for debtor corporation.

Frederick G. Fisher, Jr., John Cancian, of Hale & Dorr, Bingham, Dana & Gould, Marcien Jenckes, Walter N. Kernan, of Hill & Barlow, Boston, Mass., S. Everett Wilkins, Providence, R. I., for creditors.

Andrew P. Quinn, Aram A. Arabian, Providence, R. I., for certain stockholders.

DAY, District Judge.

This matter is again before me upon the motion of the Securities and Exchange Commission (hereinafter called SEC) to dismiss the petition of American Guaranty Corporation (hereinafter called the debtor) for an arrangement under Chapter XI of the Bankruptcy Act, or, in the alternative, to dismiss unless said petition is amended in such a way as to transfer to proceedings under Chapter X of said Act. 11 U.S.C.A. § 728. Said motion was denied...

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