IN RE CONTINENTAL INV. CORP.

No. 80-1362.

637 F.2d 1 (1980)

In re CONTINENTAL INVESTMENT CORPORATION, Debtor. Monte J. Wallace and Neil W. Wallace, Appellants.

United States Court of Appeals, First Circuit.

Decided October 31, 1980.


Attorney(s) appearing for the Case

Arthur F. Mathews, Washington, D. C., with whom John H. Pickering, Robert B. McCaw, Wilmer & Pickering, Washington, D. C., William F. Macauley, Joanne M. Neale, and Craig & Macauley, Boston, Mass., were on brief, for appellants.

Michael K. Wolensky, Associate Gen. Counsel, Washington, D. C., with whom Ralph C. Ferrara, Gen. Counsel, John P. Sweeney, Asst. Gen. Counsel, Anne C. Flannery, Sp. Counsel, Theodore S. Bloch, and Harlan W. Penn, Washington, D. C., were on brief for appellee, S. E. C.

Peter Gruenberger, New York City, with whom Harvey R. Miller, Bruce R. Zirinsky, Irwin H. Warren, and Weil, Gotshal & Manges, New York City, were on brief for appellee, O.C. Associates.

Daniel M. Glosband, Boston, Mass., with whom Richard T. D'Elia, New Hyde Park, N. Y., and Goldstein & Manello, Boston, Mass., were on brief for appellee, Paul Lazzaro, Trustee of Continental Inv. Corp.

Henry L. Goodman, Shelly Rothschild, and Zalkin, Rodin & Goodman, New York City, on brief for appellee, Chemical Bank.

Before COFFIN, Chief Judge, BOWNES, Circuit Judge, WYZANSKI, Senior District Judge.


COFFIN, Chief Judge.

Appellants Monte and Neil Wallace, the majority stockholders of Continental Investment Corporation (CIC), seek to take an interlocutory appeal from an order denying their motion to disqualify from CIC's Chapter X reorganization proceedings the law firm representing a substantial creditor of the bankrupt.

The disqualification motion focused on the role played by Marvin Jacob in connection with the reorganization proceedings. As head of...

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