Legal Opinion
Securities & Exchange Commission v. Investors Security Leasing Corp.
District Court, W.D. Pennsylvania
Decided August 27, 1979No. Civ. A. No. C.A. 75-1304PublishedCited by 1 opinion
1Opinion of the Court
OPINION
SNYDER, District Judge.
After extended litigation in this case and its companion, SEC v. Investors Security Corporation, 415 F.Supp. 745 (W.D.Pa.),1 the Court has now before it the question of the right, title and interest to certain securities, as between the Receiver for Investors Security Leasing Corporation and the individuals in whose names the securities were issued and registered. We determine that the individual investor’s rights to the securities are superior to those of the Receiver.
I. THE BACKGROUND
At various times during 1973 and 1974, the individual investors involved in…
2Cases cited10 opinions
- Herbert Tepper v. Frank H. Chichester, Trustee in Bankruptcy of the Estate of Bennett-Manning Co., BankruptCourt of Appeals for the Ninth Circuit · 1961
- Bowersock Mills & Power Co. v. JoyceCourt of Appeals for the Eighth Circuit · 1939
- Porter v. CookeCourt of Appeals for the Fifth Circuit · 1942
- Securities & Exchange Commission v. Fifth Avenue Coach Lines, Inc.District Court, S.D. New York · 1973
- Securities & Exchange Commission v. First Securities Co.Court of Appeals for the Seventh Circuit · 1974
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3Cited by1 opinion
- Securities & Exchange Commission v. Elmas Trading Corp.District Court, D. Nevada · 1987