STEPHENS INDUSTRIES, INC., Plaintiff-Appellant, v. James R. McCLUNG, Trustee in Bankruptcy, Etc., Defendant-Appellee

U.S. Court of Appeals, Sixth Circuit · Decided 1986-04-28

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CORNELIA G. KENNEDY, Circuit Judge. Appellant, Stephens Industries, Inc. (“SI”), appeals from the District Court’s order affirming the Bankruptcy Court’s order approving the sale of the assets of the debtor, American Signal Corporation (“ASC”), a/k/a WPRT AM/FM Radio Station. From 1952 until 1980, SI owned and operated radio station WPRT in Prestons-burg, Kentucky. In July 1980,…

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