In re Neve Drug Stores, Inc.

MANTON, Circuit Judge.

The Neve Drug Stores, Incorporated, owned and operated a chain of drug stores in New York City and vieinity. Its stock was held largely by the United Retail Chemists Corporation. The United Cigar Stores Company of America, a petitioning creditor, operates a chain of cigar stores. It holds a substantial part of the voting stock, but not the majority, of the United Retail Chemists Corporation, and by a contract, dated December 7, 1928, came into control of the management of the Neve Drug Stores, Incorporated. It is a creditor of the bankrupt in the total sum of $600,000.

App…