In re Higbee Co.

JONES, Chief Judge.

The matter is here on objections and exceptions of Robert R. Young to ad interim report of Special Master, filed October 4, 1949.

A proposed plan for reorganization was adopted by the various interested groups and this plan was confirmed by the District Court. Potts, a preferred shareholder, objected to the plan and appealed the confirmation. While the appeal was pending, two creditors who wished to have the confirmation sustained purchased Potts’ shares for a sum greatly in excess of their market value and Potts dismissed his- appeal. An action was then commenced for the…