Legal Opinion
Murphy v. McDonnell & Co.
Court of Appeals for the Second Circuit
Decided April 14, 1977No. 471, Docket 76-7278PublishedCited by 7 opinions
1Opinion of the Court
GURFEIN, Circuit Judge:
This is an appeal from a judgment of the United States District Court for the Southern District of New York (Owen, J.), entered in favor of the defendants in two consolidated cases. Both cases, based on federal securities laws, arose out of the financial failure of McDonnell & Co., Inc., a member of the New York and American Stock Exchanges (NYSE and Amex). Specifically, they arose out of McDonnell & Co.’s attempts in late 1968 and early 1969 to raise additional net capital needed to comply with the NYSE’s net capital rule, and the firm’s subsequent demise in March 1970.
2Cases cited10 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Fed. Sec. L. Rep. P 93,959 Frank Lanza, Jr. v. Drexel & Co., Theodore J. Kircher and Christie F. VitoloCourt of Appeals for the Second Circuit · 1973
- Fed. Sec. L. Rep. P 95,865 James Arneil and Vernon A. Stockwell v. James B. Ramsey, Jr.Court of Appeals for the Second Circuit · 1977
- Fed. Sec. L. Rep. P 92,929 Theodore B. Wessel v. L. M. Buhler and N. A. JordanCourt of Appeals for the Ninth Circuit · 1971
5 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- In Re Commonwealth Oil/Tesoro Petroleum Corp. Securities LitigationDistrict Court, W.D. Texas · 1979
- Glidden Co. v. JandernoaDistrict Court, W.D. Michigan · 1998
- Edwards & Hanly v. Wells Fargo Securities Clearance Corp.District Court, S.D. New York · 1978
- Steinberg v. CareyDistrict Court, S.D. New York · 1977
- Fed. Sec. L. Rep. P 96,021 Margaret Mary McDonnell Murphy v. McDonnell & Co., Incorporated and the New York Stock Exchange by Robert W. Haack, President, James F. McDonnell Jr., Individually, as Trustee Under the Will of James F. McDonnell and as of the Estate of Anna M. McDonnell and Charles E. McDonnell as of the Estate of Anna M. McDonnell Plaintiffs v. The New York Stock Exchange by Robert W. HaackCourt of Appeals for the Second Circuit · 1977
2 more not listed; retrieve them via the Exa API.