In the Matter of IMPERIAL `400' NATIONAL INC. et al., Debtors.
United States District Court, D. New Jersey.https://leagle.com/images/logo.png
March 4, 1974.
March 4, 1974.
Attorney(s) appearing for the Case
Michael R. Griffinger, Crummy, O'Neill, Del Deo & Dolan, Newark, N. J., for Thomas J. O'Neill Trustee.
Jerome Feller, Securities & Exchange Commission; Charles Stanziale, Newark, N. J., and Sidney Markley (New York Bar), for Continana.
David M. Satz, Jr., Norman E. Schlesinger, Newark, N. J., and Conrad B. Duberstein (New York Bar), Brooklyn, N. Y., for American Realty Trust.
Hannoch, Weisman, Stern & Besser by Ronald M. Sturtz, Newark, N. J., Carter, Ledyard & Milburn by Edward F. Clark, Jr., and Jack Kaplan (New York Bar), New York City, for Schiavone Const.
Morrill J. Cole, Cole, Berman & Belsky, Paterson, N. J., for Burnham Group.
Alvin Weiss, Riker, Danzig, Scherer & Brown, Morristown, N. J., for General Tire Pension Fund.
Roger C. Ward, Pitney, Hardin & Kipp, Newark, N. J., for Marine Midland Bank.
Sheldon Schachter, Kleinberg, Moroney, Masterson & Schachter, Newark, N. J., for Unsecured Creditors Committee.
Theodore S. Meth, Newark, N. J., for Co-Owners.
Bernard Hellring, Newark, N. J., for Stockholders Committee.
Laurence W. Levine, Walsh & Levine (New York Bar), New York City, for Union Bank.
United States District Court, D. New Jersey.
OPINION
WHIPPLE, District Judge:
I. Introduction
This Court has before it four proposed Plans of Reorganization which have been forwarded to the SEC as being "worthy of consideration" and have been reviewed by that advisory body.1 It is now my duty to determine whether one or more of the proposed Plans are fair, equitable and feasible, Bankruptcy Act, § 174.
In order to reach this determination,...
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