Legal Opinion
In re the Liquidation of New York Title & Mortgage Co.
Appellate Division of the Supreme Court of the State of New York
Decided May 5, 1939No. Appeal No. 1; Appeal No. 2PublishedCited by 4 opinions
1Opinion of the CourtCallahan, J.
These appeals bring up for review certain determinations of the Superintendent of Insurance taken since the decision of the Court of Appeals in the matter of the four so-called test cases. (Matter of New York Title & Mortgage Co., 277 N. Y. 66.) That decision laid down certain principles to be followed by the Superintendent of Insurance as liquidator in valuing the underlying mortgages as a preliminary to determining the appropriate setoff against the claims of the certificate holders on the company’s breach of contract of guaranty. The result of the revaluation of the test cases is that two…
2Cases cited4 opinions
- Matter of People (Tit. Mtge. Guar. Co.)New York Court of Appeals · 1934
- In Re the Liquidation of New York Title & Mortgage Co.New York Court of Appeals · 1938
- Mittlemann v. President & Directors of the Manhattan Co.Appellate Division of the Supreme Court of the State of New York · 1936
- Mittlemann v. President & Directors of the Manhattan Co.New York Court of Appeals · 1936
3Cited by4 opinions
- Law Enforcement Insurance Company, Ltd. v. James P. CorcoranCourt of Appeals for the Second Circuit · 1986
- Hamberg v. Guaranteed Mortgage Co.New York Supreme Court · 1942
- In re Lawyers Westchester Mortgage & Title Co.New York Supreme Court · 1941
- In re the Liquidation of New York Title & Mortgage Co.Appellate Division of the Supreme Court of the State of New York · 1939