Legal Opinion
General Stores Corporation, Debtor-Appellant v. Max Shlensky and Securities and Exchange Commission
Court of Appeals for the Second Circuit
Decided April 14, 1955No. 23557_1PublishedCited by 14 opinions
1Opinion of the Court
CLARK, Chief Judge.
The debtor, General Stores Corporation, filed a petition under Chapter XI of the Bankruptcy Act, 11 U.S.C. § 722, for an arrangement of the debts owed to its unsecured creditors. According to its plan these creditors were to receive the full face amount of their claims over a five-year period. Max Shlensky, a stockholder, challenged the adequacy of the Chapter XI procedure through a show cause order seeking a transfer to Chapter X pursuant to the newly enacted 11 U.S.C. § 728. The Securities and Exchange Commission, being granted leave to intervene, filed a motion to…
2Cases cited5 opinions
- Securities & Exchange Commission v. United States Realty & Improvement Co.Supreme Court of the United States · 1940
- In the Matter of Transvision, Inc., Debtor-Appellee. Securities and Exchange CommissionCourt of Appeals for the Second Circuit · 1955
- Mecca Temple of Ancient Arabic Order of Nobles of Mystic Shrine v. DarrockCourt of Appeals for the Second Circuit · 1944
- In Re Proceedings for an Arrangement Under Chapter XI of the Bankruptcy Act of General Stores Corp.District Court, S.D. New York · 1955
- In re Transvision, Inc.District Court, S.D. New York · 1953
3Cited by14 opinions
- Lewis J. Ruskin, Collateral Trustee v. Charles H. Griffiths, Trustee in ReorganizationCourt of Appeals for the Second Circuit · 1959
- General Stores Corp. v. ShlenskySupreme Court of the United States · 1956
- Grayson-Robinson Stores, Inc., Debtor-Appellee v. Securities and Exchange CommissionCourt of Appeals for the Second Circuit · 1963
- Lámar v. Ford Motor CompanySupreme Court of Missouri · 1966
- In Re General Stores CorporationDistrict Court, S.D. New York · 1958
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