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IN RE ALBERT & MAGUIRE SEC. CO., INC.

Civ. A. No. 72-2044.

419 F.Supp. 1171 (1976)

In re ALBERT & MAGUIRE SECURITIES COMPANY, INC., Bankrupt. INDUSTRIAL VALLEY BANK AND TRUST CO., Plaintiff, v. Donald M. COLLINS, Trustee, Defendant.

United States District Court, E. D. Pennsylvania.

September 10, 1976.

Attorney(s) appearing for the Case

Ira P. Tiger, Philadelphia, Pa., for IVB.

Donald M. Collins, Philadelphia, Pa., for Trustee.

Theodore H. Focht, Gen. Counsel, Wilfred R. Caron, Assoc. Gen. Counsel, William H. Seckinger, Senior Atty., Washington, D.C., for SIPC.

MEMORANDUM OPINION

GORBEY, District Judge.

This case presents a novel issue arising out of the Albert & Maguire Securities Company, Inc. bankruptcy. The Trustee and the Securities Investor Protection Corporation (SIPC) have appealed from an order of Bankruptcy Judge Goldhaber, entered on May 18, 1976, with respect to facts established by a stipulation of the parties, attached as Exhibit 1, pages 24-30 inclusive, of the record on appeal.

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