In Re Commonwealth Financial Corporation
District Court, E.D. Pennsylvania
1Opinion of the Court
OPINION
JOHN MORGAN DAVIS, District Judge.
Under authority of Section 167 of the Bankruptcy Act, 11 U.S.C. § 567, the trustees in this Chapter X proceeding were granted leave to investigate the “Acts, conduct, property, liabilities and financial condition of the debtors”, to include an examination of the “directors and officers of the debtors.” 1 Subsequently, the Securities and Exchange Commission (S.E.C.) was authorized to participate and assist in the aforementioned investigation. 2
We have since been apprised by the petitioner that the S.E.C. has apparently been conducting a separate and…
2Cases cited16 opinions
- In Re GAULTSupreme Court of the United States · 1967
- Murphy v. Waterfront Commission of New York HarborSupreme Court of the United States · 1964
- United States v. SullivanSupreme Court of the United States · 1927
- Communist Party of United States v. Subversive Activities Control Bd.Supreme Court of the United States · 1961
- United States v. BirrellDistrict Court, S.D. New York · 1967
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3Cited by5 opinions
- National Life Insurance Company v. Hartford Accident And Indemnity CompanyCourt of Appeals for the Third Circuit · 1980
- National Life Insurance v. Hartford Accident & Indemnity Co.Court of Appeals for the Third Circuit · 1980
- In Re J.M v. Inc.United States Bankruptcy Court, E.D. Pennsylvania · 1988
- Bandes v. Klimowski, Pennsylvania Court of Common Pleas, Fayette County1977
- In re Commonwealth Financial Corp.District Court, E.D. Pennsylvania · 1968