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IN RE PORTLAND NEWSPAPER PUBLISHING CO.

No. B 64-3282.

271 F.Supp. 395 (1967)

In the Matter of PORTLAND NEWS PAPER PUBLISHING CO., Inc., Bankrupt.

United States District Court D. Oregon.

August 22, 1967.

Attorney(s) appearing for the Case

Don S. Willner, Willner, Bennett & Leonard, Portland, Or., for petitioners Rose City Development Co., Inc., and Anthony DuBay.

Gilbert Sussman, Sussman, Shank & Wapnick, Portland, Or., for petitioner, Robert J. Davis.

Edward A. Boyrie, Boyrie, Miller & Long, Portland, Or., for trustee in bankruptcy.

James C. Dezendorf, Rupert R. Bullivant, Portland, Or., Joseph McKeown, Coos Bay, Or., Robert Haydock, Jr., Boston, Mass., for the Permanent Editorial Bd. for the Uniform Commercial Code, amicus curiae.

OPINION

SOLOMON, Chief Judge:

Rose City Development Company, Inc., R. Anthony DuBay and Robert J. Davis petitioned to review and reverse the order of the Referee in Bankruptcy disallowing their claims against the bankrupt, Portland Newspaper Publishing Co., Inc., as preferences under Section 60 of the Bankruptcy Act, 11 U.S.C.A. § 96.

Each of the petitioners contends that he has a valid security interest in the bankrupt's accounts receivable...

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