Morrill v. Waern Bldg. Corp.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
KERNER, Circuit Judge.
The debtor, Waern Building Corporation, filed a petition for reorganization under Chapter X of the Bankruptcy Act, 11 U.S. C.A. § 501 et seq. After hearings before the referee at which the proposed plan was modified by eliminating the common stockholders’ and the Series B preferred stockholders’ equity, so as to leave outstanding only the bonds and the new no par common stock, said stock to be distributed pro rata to holders of the Series A preferred stock, the court confirmed the plan. From this order of confirmation, an objecting bondholder, Ernest Morrill, appeals.
The…
2Cases cited19 opinions
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Consolidated Rock Products Co. v. Du BoisSupreme Court of the United States · 1941
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- In re MassaCourt of Appeals for the Second Circuit · 1943
- McGee v. NeeCourt of Appeals for the Eighth Circuit · 1940
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