Legal Opinion
In the Matter of Spectrum Arena, Inc., Debtor. Appeal of Philip Kalodner
Court of Appeals for the Third Circuit
Decided May 26, 1972No. 71-1970, 71-1971, 71-2166 and 71-2170PublishedCited by 5 opinions
1Opinion of the Court
OPINION OF THE COURT
2Per curiam
The financial problems of the debtor, Spectrum Arena, Inc., led it to bankruptcy shortly after its incorporation. Spectrum was organized 1 in May, 1967 to construct and operate an indoor arena to be used for Philadelphia’s professional hockey and basketball games, as well as for other sporting and special events ranging from boxing and tennis matches to ice shows and circuses. Even the wide diversity of events scheduled there, however, could not make the operation solvent. In May, 1968, the principal mortgagee, Fidelity Bank, took possession of the arena and the other…
3Cases cited7 opinions
- Protective Committee for Independent Stockholders of TMT Trailer Ferry, Inc. v. AndersonSupreme Court of the United States · 1968
- Country Life Apartments, Inc. v. BuckleyCourt of Appeals for the Second Circuit · 1944
- In the Matter of Muskegon Motor Specialties, Debtor. Muskegon Motor Stockholders Protective Committee v. Louis F. Davis, TrusteeCourt of Appeals for the Sixth Circuit · 1966
- Prudence-Bonds Corp. v. City Bank Farmers Trust Co.Court of Appeals for the Second Circuit · 1951
- In Re Mifflinburg Body Works, Inc.Court of Appeals for the Third Circuit · 1953
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4Cited by5 opinions
- King Resources Company v. BaerCourt of Appeals for the Tenth Circuit · 1980
- AABCO, Inc. v. United StatesUnited States Court of Claims · 1983
- King Resources Stockholders' Protective Committee v. BaerCourt of Appeals for the Tenth Circuit · 1980
- Churchill's Restaurant, Inc. v. Timeless Towns of Americas, Inc., Pennsylvania Court of Common Pleas, Adams County1978
- NovaPro Solutions LLC v.Court of Appeals for the Third Circuit · 2020