Jezarian v. Raichle

How later courts describe this case

• noting but not reaching district court's disallowance of bankruptcy claims to the extent made on behalf of a class of claimants
• noting but not reaching district court’s disal-lowance of bankruptcy claims to the extent made on behalf of a class of claimants
• relying on the principle of equitable subordination in bankruptcy in order to subordinate to the claims of general creditors the claims of stockholders who asserted they were fraudulently induced to purchase stock
• stockholders whose claims were not purely for the return of their equity investment were treated as creditors.
• pre-1978 Code, noting bankruptcy court's unreported ruling