Legal Opinion
Westgate-California Corporation, Debtors and v. First National Finance Corporation, And
Court of Appeals for the First Circuit
Decided October 21, 1981No. 78-2392PublishedCited by 13 opinions
1Opinion of the Court
POOLE, Circuit Judge.
First National Finance Corporation (FNF) appeals the judgment of the United States District Court for the Southern District of California granting the motion for summary judgment brought by the trustees in bankruptcy for Westgate-California Corporation. The order disallowed FNF’s claims numbered 73 and 203, and subordinated all of FNF’s related claims against and equity interests in the debtor.
FNF is entirely owned by J. A. Smith. Smith is the brother of C. Arnholt Smith, who formerly controlled Westgate and its numerous subsidiaries, and who was convicted of fraud in…
2Cases cited3 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- In Re Westgate-California CorporationCourt of Appeals for the Ninth Circuit · 1981
- Bankers Life and Casualty Company, a Corporation v. C. M. Kirtley, Trustee of Automatic Washer Company, Debtor, and Securities & Exchange Commission, and Shareholders Committee, Olson Brothers, Inc. v. C. M. Kirtley, Trustee of Automatic Washer Company, Debtor, and Securities & Exchange Commission, and Shareholders CommitteeCourt of Appeals for the Eighth Circuit · 1964
3Cited by13 opinions
- Fed. Sec. L. Rep. P 99,010 Fred H. Harmsen v. C. Arnholt SmithCourt of Appeals for the Ninth Circuit · 1982
- Enron Corp. v. Avenue Special Situations Fund II, LP (In Re Enron Corp.)United States Bankruptcy Court, S.D. New York · 2005
- In Re Christian Life CenterCourt of Appeals for the Ninth Circuit · 1987
- 9281 Shore Road Owners Corp. v. Seminole Realty Co. (In Re 9281 Shore Road Owners Corp.)District Court, E.D. New York · 1995
- Societa Internazionale Turismo v. Barr (In Re Lockwood)United States Bankruptcy Court, E.D. New York · 1981
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