In re Oceana International, Inc.

MEMORANDUM

TENNEY, District Judge.

This Petition to Review, certified to this Court on July 22, 1969, seeks reversal of an order of a Referee in Bankruptcy, dated July 8, 1969, denying the application of Cap-Roc, Inc. (hereinafter referred to as “Cap-Roc”) to intervene in a proceeding between Oceana International, Inc. (hereinafter referred to as “Oceana”) and the Bank of Commerce (hereinafter referred to as the “Bank”). By order of Judge Mansfield, dated July 31, 1969, all proceedings between Oceana and the Bank have been stayed until the issue before this Court is settled.

The facts underlying…