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IN RE NAFTALIN & CO.

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

333 F.Supp. 136 (1971)

In the Matter of NAFTALIN & CO., Inc., a Minnesota corporation, Alleged Bankrupt.

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

September 27, 1971.

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, 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. Kipnes & Co., Donaldson, Lufkin & Jenrette, Inc. and Francis I. duPont & Co.

ORDER ON REVIEW OF ORDER AND FINDINGS OF REFEREE IN BANKRUPTCY

NEVILLE, District Judge.

Before the court at Minneapolis, Minnesota, on May 7, 1971, came the petition of Naftalin & Co., Inc. (Naftalin), an alleged bankrupt, to review an order of the Referee in Bankruptcy dated March 29, 1971 adjudicating it a bankrupt, and finding that it is indebted to each of the six petitioning creditors, all stock brokerage houses, in the amount of the monetary loss...

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