Legal Opinion
Bankers Trust Co. v. Palmer
Court of Appeals for the Second Circuit
Decided January 15, 1940No. 148PublishedCited by 3 opinions
1Opinion of the Court
SWAN, Circuit Judge.
In 1893 the Old Colony Railroad Company leased its properties to the New York, New Haven and Hartford Railroad Company. In 1920 the New Haven assigned this leasehold, with other property, to the Bankers Trust Company, as trustee, to secure an issue of New Haven bonds. In 1935 the New Haven instituted the present reorganization proceedings. Thereafter the New Haven trustees rejected the Old Colony lease as unprofitable; whereupon the Old Colony filed its own petition for reorganization herein, and the same persons who had previously been appointed trustees for the New Haven…
2Cases cited8 opinions
- Continental Illinois National Bank & Trust Co. v. Chicago, Rock Island & Pacific Ry. Co.Supreme Court of the United States · 1935
- Riehle v. MargoliesSupreme Court of the United States · 1929
- Foust v. Munson Steamship LinesSupreme Court of the United States · 1936
- Charter Shipping Co. v. Bowring, Jones & Tidy, Ltd.Supreme Court of the United States · 1930
- In Re Prudence Co.Court of Appeals for the Second Circuit · 1938
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3Cited by3 opinions
- In the Matter of the New York, New Haven and Hartford Railroad Company, DebtorCourt of Appeals for the Second Circuit · 1972
- Composite Resources, Inc. v. Combat Medical Systems, LLCDistrict Court, W.D. North Carolina · 2021
- In the Matter of the New York, New Haven and Hartford Railroad Company, DebtorCourt of Appeals for the Second Circuit · 1972