Legal Opinion
Bear Stearns & Co. v. Kurdoghlian (In Re Kurdoghlian)
United States Bankruptcy Appellate Panel for the Ninth Circuit
Decided March 15, 1983No. BAP No. 82-1221, Bankruptcy No. LA-81-03126JB, Adv. No. LA-81-1899JBPublishedCited by 30 opinions
1Opinion of the Court
OPINION
HUGHES, Bankruptcy Judge:
Bear Stearns & Co. appeals from a judgment dismissing its nondischargeability complaint against debtor. We reverse and remand.
I
Plaintiff is a security broker whose business includes acting as a broker in the sale and purchase of options to sell or purchase securities, commonly known as “puts and calls.” Options trading is considered highly speculative. See Matter of Greenwald, 2 B.R. 35, 36 (Bkrtcy.S.D.Fla.1979).
Defendant debtor, engaged in the business of jewelry manufacturing and repair, became a customer of plaintiff in July 1979 after having traded in…
2Cases cited4 opinions
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- In Re John Houtman and Gladys Irene Houtman, Bankrupts. John Houtman and Gladys Irene Houtman v. Edgar F. Mann and Edna M. Mann, Creditors-AppelleesCourt of Appeals for the Ninth Circuit · 1978
- In the Matter of Grant L. Nelson, Bankrupt. California State Employees' Credit Union No. 6, a California Corporation v. Grant L. NelsonCourt of Appeals for the Ninth Circuit · 1977
- Bache Halsey Stuart Shields Inc. v. Greenwald (In Re Greenwald)United States Bankruptcy Court, S.D. Florida. · 1979
3Cited by30 opinions
- In Re James D. Kennedy, Jr., Debtor. Alan D. Cowen and Josephine Cowen v. James D. Kennedy, Jr.Court of Appeals for the Ninth Circuit · 1997
- In Re R. Clare Gerlach and Lois F. Gerlach, Debtors. John Deere Company v. R. Clare Gerlach and Lois F. GerlachCourt of Appeals for the Tenth Circuit · 1990
- Burkhart v. Federal Deposit Insurance Corp. (In Re Burkhart)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1988
- Great Pacific Money Markets, Inc. v. Krueger (In Re Krueger)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1988
- Check Control, Inc. v. Anderson (In Re Anderson)United States Bankruptcy Court, D. Minnesota · 1995
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