Legal Opinion
In Re Realty Associates Securities Corporation
District Court, E.D. New York
Decided August 17, 1944No. 45024PublishedCited by 7 opinions
1Opinion of the Court
MO SCO WITZ, District Judge.
This is an application for an order disqualifying the members of the Bondholders Directors Committee from acting as a committee in this reorganization proceeding under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. Among other grounds urged for disqualification are that the members of the committee, having served as directors oí the debtor and having joined in the proposal of the debtor’s voluntary plan previously submitted to bondholders, have developed a close affiliation with the debtor and are not in a position to give exclusive loyalty to…
2Cases cited1 opinion
- Securities & Exchange Commission v. United States Realty & Improvement Co.Supreme Court of the United States · 1940
3Cited by7 opinions
- Johns-Manville Sales Corp. v. Doan (In Re Johns-Manville Corp.)United States Bankruptcy Court, S.D. New York · 1983
- Manville Corp. v. Equity Security Holders Committee (In Re Johns-Manville Corp.)United States Bankruptcy Court, S.D. New York · 1985
- In Re Penn-Dixie Industries, Inc.United States Bankruptcy Court, S.D. New York · 1981
- Pension Benefit Guaranty Corp. v. Incus, Verlin, Hahn, Reich & Goldstein Professional Corp.District Court, E.D. Pennsylvania · 1984
- In re Realty Associates Securities Corp.District Court, E.D. New York · 1945
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