MEMORANDUM OPINION
LATCHUM, Chief Judge.
On April 16, 1975, Town Enterprises, Inc. ("Enterprises"), a Delaware corporation, filed an original petition in the Bankruptcy Court of this district for a Chapter XI arrangement proceeding pursuant to § 322 of the Bankruptcy Act, 11 U.S.C. § 722. By an order of the Bankruptcy Court dated April 29, 1975, plaintiff, Jules J. Schwartz, was appointed Receiver in Bankruptcy for Enterprises. These actions were...
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