In re Overbrook & Barson's, Inc.

OPINION

HANNUM, District Judge.

This is a petition filed by Barson, Weiss and Halpert (hereafter referred to as Barson, et al) seeking review of an order entered by the referee in bankruptcy denying the reclamation petitions of Barson et al and Abbotts Dairies.

The bankrupt was incorporated in 1963 by Samuel Barson, Jack Weiss, Irving Halpert and Morris Auspitz. These four *234were the directors of the corporation. Prior to the bankrupt’s occupation of the store, it had been occupied by an unrelated partnership conducting a similar business. That partnership had executed security agreements with…