Legal Opinion

Hackner v. Guaranty Trust Co. of New York

Court of Appeals for the Second Circuit

Decided January 13, 1941No. 125PublishedCited by 143 opinions

1Opinion of the Court

CLARK, Circuit Judge.

The following in substance are the allegations of the complaint. Each of the parties plaintiff was at one time a holder •of one or more of a $30,000,000 issue of Five Year 6 per cent Gold Notes of the Van Sweringen Corporation — Hackner in the amount of $1,000; Bowman, $5,000; and Ballinger, $1,500. According to the terms of a Trust Indenture executed by the Corporation and defendant Guaranty Trust Company as trustee, a large amount •of assets were retained unencumbered, and certain liquid assets “segregated” for the protection of the noteholders. The Corporation found…

2Cases cited31 opinions

  1. Milliken v. MeyerSupreme Court of the United States · 1941
  2. Mitchell v. MaurerSupreme Court of the United States · 1934
  3. Clark v. Paul Gray, Inc.Supreme Court of the United States · 1939
  4. Lion Bonding & Surety Co. v. KaratzSupreme Court of the United States · 1923
  5. Troy Bank v. G. A. Whitehead & Co.Supreme Court of the United States · 1911

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3Cited by143 opinions

  1. Guaranty Trust Co. v. YorkSupreme Court of the United States · 1945
  2. Guaranty Trust Co. v. YorkSupreme Court of the United States · 1945
  3. Zahn v. International Paper Co.Supreme Court of the United States · 1973
  4. Arra Ray Messenger v. United StatesCourt of Appeals for the Second Circuit · 1956
  5. Northstar Financial Advisors Inc. v. Schwab InvestmentsCourt of Appeals for the Ninth Circuit · 2015

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