Legal Opinion

Tracy v. Willys Corporation

Court of Appeals for the Sixth Circuit

Decided December 12, 1930No. 5317PublishedCited by 9 opinions

1Opinion of the Court

DENISON, Circuit Judge.

In the latter part of 1921, the Willys Corporation was in receivership. Its chief available asset was a large block of common stock in the Willys-Overland Company. Messrs. Tracy, Chapman, and Welles were counsel for the receiver, and they have received therefor,compensation as fixed by the court for all services in the receivership, unless it be an appropriate amount in the subject-matter now involved. This block of stock was eventually sold, so far as the face of the transaction indicated, to Mr. Tracy of this firm, upon the payment by him of some $3,000,000 in…

2Cases cited3 opinions

  1. Michoud v. GirodSupreme Court of the United States · 1846
  2. Magruder v. DrurySupreme Court of the United States · 1914
  3. Jackson v. SmithSupreme Court of the United States · 1919

3Cited by9 opinions

  1. Phelan v. Middle States Oil CorporationCourt of Appeals for the Second Circuit · 1946
  2. Bank of Mill Creek v. Elk Horn Coal Corp.West Virginia Supreme Court · 1950
  3. Securities & Exchange Commission v. Cogan. Cogan v. Securities & Exchange Commission Jones v. Securities & Exchange CommissionCourt of Appeals for the Ninth Circuit · 1952
  4. In Re Los Angeles Lumber Products Co.District Court, S.D. California · 1941
  5. Crites, Inc. v. Prudential Ins. Co. of AmericaCourt of Appeals for the Sixth Circuit · 1943

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