Columbia Gas & Electric Corp. v. United States

Decision Date21 January 1946
Docket NumberNo. 9775-9777.,9775-9777.
Citation153 F.2d 101
PartiesCOLUMBIA GAS & ELECTRIC CORPORATION v. UNITED STATES et al. (three cases).
CourtU.S. Court of Appeals — Sixth Circuit

Floyd C. Williams, of Cincinnati, Ohio, and William D. Whitney, of New York City (Floyd C. Williams, Frank W. Cottle, Peck, Shaffer & Williams, and Ernst, Cassatt & Cottle, all of Cincinnati, Ohio, and Cravath, Swaine & Moore, of New York City, on the brief), for appellant.

Paul Williams, of Washington, D. C., Arthur G. Logan, of Wilmington, Del., and Roger S. Foster, of Philadelphia, Pa., for appellees.

Arthur G. Logan, of Wilmington, Del., Robert J. Bulkley, of Cleveland, Ohio, Richard B. Hand, of New York City, and W. E. Darragh, of Lexington, Ky., on the brief, for Russell Van Horn et al., as Committee for Bondholders of Inland Gas Corporation.

Baker, Obermeier, Rosner & Rosenson and Oscar S. Rosner, all of New York City, on the brief, for appellees Green Committee and Morris Green.

Roger S. Foster, Theodore L. Thau, and David Ferber, all of Philadelphia, Pa., and Charles J. Odenweller, Jr., of Cleveland, Ohio, on the brief, for Securities and Exchange Commission.

Wendell Berge and Paul Williams, both of Washington, D. C., and Claude P. Stephens, of Lexington, Ky., on the brief, for the United States.

Before HICKS, SIMONS, and MARTIN, Circuit Judges.

PER CURIAM.

The appellant, in each of the above causes, petitions for rehearing and for modification of the order of the court entered November 26, 1945, 151 F.2d 461, whereby the direction for mandate in the final paragraph of the opinion rendered October 9, 1945, was amended to require that the decree be limited in remedy to the subordination of Columbia claims to the claims of creditors of every class.

The petition is based upon the following grounds: (1) That the procedure adopted by the court in its original opinion, whereby the claims of Columbia were subordinated class by class to those of others in the several classes, had received express endorsement from the Supreme Court in Prudence Realization Corp. v. Geist, 316 U.S. 89, 62 S.Ct. 978, 86 L.Ed. 1293; (2) That the revised direction for mandate will result in petitioner receiving nothing for its claims, and that this would amount to a forfeiture not in accord with the doctrine of Hartford Empire Co. v. United States, 323 U.S. 386, 65 S.Ct. 373.

We have given careful consideration to the petition and the argument for modification contained therein. (1) We have...

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16 cases
  • In re Llc
    • United States
    • U.S. Bankruptcy Court — District of Delaware
    • 2 d4 Setembro d4 2010
    ...v. Comm. of Creditors Holding Unsecured Claims, 160 F.3d 982, 991 (3d Cir.1998). 80. Columbia Gas and Electric Corp., v. United States, 153 F.2d 101, 102 (6th Cir.), cert. denied, 329 U.S. 737, 67 S.Ct. 48, 91 L.Ed. 636 (1946) (equitable subordination is appropriate where claimant's illegal......
  • In re Inland Gas Corporation, 12861-12867.
    • United States
    • United States Courts of Appeals. United States Court of Appeals (6th Circuit)
    • 14 d4 Fevereiro d4 1957
    ...in the opinions of this Court in Columbia Gas & Electric Corporation v. United States, 6 Cir., 151 F.2d 461, modification denied, 6 Cir., 153 F.2d 101, certiorari denied 329 U.S. 737, 67 S.Ct. 48, 91 L.Ed. 636; In re Inland Gas Corporation, 6 Cir., 187 F.2d 813; In re Inland Gas Corporation......
  • In re Bellucci, Bankruptcy No. 4-80-00213-G.
    • United States
    • United States Bankruptcy Courts. First Circuit. U.S. Bankruptcy Court — District of Massachusetts
    • 9 d2 Novembro d2 1982
    ...v. Luther, 215 F.2d 38 (10th Cir.1954), cert. denied, 348 U.S. 951, 75 S.Ct. 438, 99 L.Ed. 743 (1955); Columbia Gas & Electric Corp. v. United States, 153 F.2d 101 (6th Cir.1946); Corley v. Cozart, 115 F.2d 119 (5th Cir.1940); and In re Loewer's Gambrinus Brewery Co., 74 F.Supp. 909 (S.D.N.......
  • In Re Inland Gas Corporation
    • United States
    • United States Courts of Appeals. United States Court of Appeals (6th Circuit)
    • 27 d3 Janeiro d3 1960
    ...1941, 122 F.2d 223; Columbia Gas & Electric Corporation v. United States, 6 Cir., 1945, 151 F.2d 461; Columbia Gas & Electric Corporation v. United States, 6 Cir., 1946, 153 F.2d 101; In re Inland Gas Corporation, 6 Cir., 1951, 187 F.2d 813; In re Inland Gas Corporation, 6 Cir., 1953, 208 F......
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