American S. S. Co. v. Wickwire Spencer Steel Co.

Second Circuit

American S. S. Co. v. Wickwire Spencer Steel Co.

49 F.2d 766, 1931 U.S. App. LEXIS 3262

CourtCourt of Appeals for the Second Circuit

DecidedMay 4, 1931

Docket377

StatusPublished

This text of 49 F.2d 766 (American S. S. Co. v. Wickwire Spencer Steel Co.) is published on Counsel Stack Legal Research, covering Court of Appeals for the Second Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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American S. S. Co. v. Wickwire Spencer Steel Co., 49 F.2d 766, 1931 U.S. App. LEXIS 3262 (2d Cir. 1931).

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Opinion

PER CURIAM.

The special master’s report fully considered the numerous objections now urged on this appeal. The learned District Judge, in a carefully considered opinion, confirmed in all respects the conclusions reached by the special master. We have examined the many objections urged against the decree of foreclosure and sale entered below, but find them satisfactorily answered in the opinion below.

As the valuation of the properties of the Wiekwire Speneer Steel Company arrived at by appraisal amounts to less than- the liens and indebtedness which have priority over the claims of the stockholders who are appellants here, the court below properly held that the appellants have no interest, and therefore should have no voice, in the plan of reorganization which will be considered by the court below.

Decree affirmed.

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PER CURIAM.

The special master’s report fully considered the numerous objections now urged on this appeal. The learned District Judge, in a carefully considered opinion, confirmed in all respects the conclusions reached by the special master. We have examined the many objections urged against the decree of foreclosure and sale entered below, but find them satisfactorily answered in the opinion below.

As the valuation of the properties of the Wiekwire Speneer Steel Company arrived at by appraisal amounts to less than- the liens and indebtedness which have priority over the claims of the stockholders who are appellants here, the court below properly held that the appellants have no interest, and therefore should have no voice, in the plan of reorganization which will be considered by the court below.

Decree affirmed.

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49 F.2d 766, 1931 U.S. App. LEXIS 3262, Counsel Stack Legal Research, https://law.counselstack.com/opinion/american-s-s-co-v-wickwire-spencer-steel-co-ca2-1931.