Limperis v. United Merchants & Manufacturers, Inc.

SWYGERT, Circuit Judge.

These appeals raise issues concerning the appropriate fees that should be allowed when creditors of a bankrupt successfully attack the appointment of the trustee and a successor trustee is appointed.

Peerless Manufacturing Company, an Illinois corporation engaged in the manufacture and sale of women’s sportswear, was adjudged a bankrupt on March 4, 1968, after the failure of a petition for arrangement under Chapter 11 of the Bankruptcy Act. Edward Limperis was appointed by the court as receiver and retained Louis I. Kessler as his counsel by order of court. Subsequently,…