Legal Opinion
People v. S. W. Straus & Co.
New York Supreme Court
Decided June 7, 1935PublishedCited by 4 opinions
1Opinion of the Court
Gordon (Harry A.), Referee.
S. W. Straus & Co., Inc., a domestic corporation, was organized in 1916. It took over a business established in 1882. The business consisted in the main of underwriting and selling to the public bond issues secured by real estate mortgages. Until 1924 it sold first mortgage bonds. Thereafter it included in its offerings leasehold, collateral trust, second and third mortgage bonds, and debentures wholly unsecured. As a result of the decline in real estate values which followed the economic collapse of 1929, it failed in business. On March 3, 1933, permanent receivers…
2Cases cited9 opinions
- Reno v. . BullNew York Court of Appeals · 1919
- Hotaling v. A. B. Leach & Co.New York Court of Appeals · 1928
- Hubbell v. . MeigsNew York Court of Appeals · 1872
- In re the Estate of ClarkAppellate Division of the Supreme Court of the State of New York · 1931
- Friedman v. New York Telephone Co.New York Court of Appeals · 1931
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3Cited by4 opinions
- People v. S. W. Straus & Co.New York Supreme Court · 1935
- Teich v. Arthur Andersen & Co.New York Supreme Court · 1963
- Fed. Sec. L. Rep. P 97,357 Marbury Management, Inc., and Harry Bader, Plaintiffs-Appellants-Appellees v. Alfred Kohn, and Wood, Walker & Co.Court of Appeals for the Second Circuit · 1980
- Fed. Sec. L. Rep. P 97,357 Marbury Management, Inc., and Harry Bader, Plaintiffs-Appellants-Appellees v. Alfred Kohn, and Wood, Walker & Co.Court of Appeals for the Second Circuit · 1980