IN RE CONTINENTAL INVESTMENT CORP.

No. 80-1490.

642 F.2d 1 (1981)

In re CONTINENTAL INVESTMENT CORPORATION, Debtor. Appeal of Monte J. WALLACE and Neil W. Wallace.

United States Court of Appeals, First Circuit.

Decided January 20, 1981.


Attorney(s) appearing for the Case

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

Daniel M. Glosband, Boston, Mass., with whom Gayle M. Merling, Richard T. D'Elia, and Goldstein & Manello, Boston, Mass., were on brief, for appellee Paul Lazzaro, Trustee.

John R. Hally, Boston, Mass., with whom Edward F. McHugh, Jr., Peter Nils Baylor, and Nutter, McClennen & Fish, Boston, Mass., were on brief, for appellee Committee of Bank Creditors.

Henry Lewis Goodman, New York City, with whom Shelly Rothschild, Menachem O. Zelmanovitz, and Zalkin, Rodin & Goodman, New York City, were on brief, for appellee Chemical Bank.

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


COFFIN, Chief Judge.

Whatever else they may accomplish, the reorganization proceedings of the bankrupt Continental Investment Corporation assuredly will have supplied material for a continuing series of installments in the pages of the Federal Reporter, 2d Series. Unfortunately, however, this saga of appellate review will have as its dominant motif the undesirability of precisely such piecemeal and fragmented interlocutory litigation.

For we have now been...

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