Administrative
In the Matter of the Application of The People of the State of New York, by Louis H. Pink, as Superintendent of Insurance, for an Order to Take Possession of the Property of and Rehabilitate the Bond and Mortgage Guarantee Company. In the Matter of a Plan of Readjustment of the Rights of the Holders of Investments in a Mortgage Covering Premises Located at 25 West Broadway, Long Beach, Guaranteed by Bond and Mortgage Guarantee Company. (Guarantee No. 181, 464.) In the Matter of an Application for Attorneys' Fees and Disbursements. Long Beach Apartments, Inc., et al., Appellants; Manufacturers Trust Company, as Trustee, et al., Respondents
279 A.D. 600·New York Supreme Court, Appellate Division·1951·NY
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Opinion
In the Matter of the Application of The People of the State of New York, by Louis H. Pink, as Superintendent of Insurance, for an Order to Take Possession of the Property of and Rehabilitate the Bond and Mortgage Guarantee Company. In the Matter of a Plan of Readjustment of the Rights of the Holders of Investments in a Mortgage Covering Premises Located at 25 West Broadway, Long Beach, Guaranteed by Bond and Mortgage Guarantee Company. (Guarantee No. 181, 464.) In the Matter of an Application for Attorneys’ Fees and Disbursements. Long Beach Apartments, Inc., et al., Appellants; Manufacturers Trust Company, as Trustee, et al., Respondents.
[MAJORITY]
In our opinion the allowances as made were excessive. Johnston, Acting P. J., Adel, Sneed, Wenzel and MaeCrate, JJ., concur.