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IN RE NAFTALIN & CO.

Nos. 4-70 BKY 137, 4-70 BKY-170.

315 F.Supp. 463 (1970)

In the Matter of NAFTALIN & CO., Inc., a Minnesota corporation, Alleged Bankrupt (two cases).

United States District Court, D. Minnesota, Fourth Division.

July 8, 1970.

Attorney(s) appearing for the Case

O'Connor, Green, Thomas, Walters & Kelly, by Joe A. Walters and Frank J. Walz, Minneapolis, Minn., for alleged bankrupt.

Richards, Montgomery, Cobb & Bassford, Minneapolis, Minn., by L. H. May, Jr., and Jon D. Jensvold, Minneapolis, Minn., for petitioning creditors Merrill Lynch, Pierce, Fenner & Smith and Paine, Webber, Jackson & Curtis.

Faegre & Benson, by Bruce F. Burton, Minneapolis, Minn., for petitioning creditor Piper, Jaffray & Hopwood, Inc.

Mackall, Crounse, Moore, Helmey & Holmes, by Clay R. Moore, Minneapolis, Minn., and Schiff, Hardin, Waite, Dorschel & Britton, by Burton R. Rissman, Chicago, Ill., for petitioning creditors H. S. Kipnis & Co., Donaldson, Lufkin & Jenrette, Inc. and Francis I. duPont & Co.

NEVILLE, District Judge.

February 10, 1970, three brokerage houses, Merrill Lynch, Pierce, Fenner & Smith of New York; Paine, Webber, Jackson & Curtis of New York; and Piper, Jaffray & Hopwood, Incorporated of Minneapolis filed a petition in bankruptcy alleging "provable claims * * * amounting in the aggregate to $500.00 * * *" and seeking to have Naftalin & Co., Inc., a Minnesota corporation at one time engaged in the stock brokerage business, adjudged...

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