Found last week, after 50 days of shuffling, intriguing, rumormongering, cajoling and double-crossing, were three men willing and eligible to serve as trustees of the two top companies in the bizarre, bankrupt Associated Gas and Electric System (TIME, March 4).
Trustee No. 1, of A. G. & E.'s top company "Co.," is a meticulous, retiring lawyer's lawyer named Walter Pollak. His background: special assignments from such a top-notch reorganization jurist as Judge Robert Patterson in the job of unraveling the I. R. T. He also defended the Scottsboro boys in the U....
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