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IN RE BELMETALS MFG. CO.

No. 101309.

299 F.Supp. 1290 (1969)

In the Matter of BELMETALS MFG. CO., Inc., a corporation, Bankrupt.

United States District Court N. D. California.

May 21, 1969.

Attorney(s) appearing for the Case

Henry Cohen, Anixter & Aronson, Burlingame, Cal., for applicant.

John Poppin, of Dinkelspiel & Dinkelspiel, San Francisco, Cal., for trustee.

ORDER AFFIRMING REFEREE

WOLLENBERG, District Judge.

The petitioners, Mr. and Mrs. John Eranosian and Mr. and Mrs. Henry Pahland, together with two other individuals who were minority shareholders, owned all of the 1,000 shares of the bankrupt corporation, Belmetals. During 1964, one Robert Jernberg entered into negotiations, to purchase these shares. Pursuant to these negotiations, Jernberg himself purchased the 75 shares held by the two minority shareholders...

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