Legal Opinion
University Hill Foundation v. Goldman, Sachs & Co.
District Court, S.D. New York
Decided October 27, 1976No. 71 Civ. 1166PublishedCited by 14 opinions
1Opinion of the Court
LASKER, District Judge.
This suit raises important questions regarding the application of federal securities laws to the sale of commercial paper. It is one of a number of actions by persons who in the Spring of 1970 bought commercial paper issued by the Penn Central Transportation Company (Penn Central, or the Company) from the defendant, Goldman, Sachs & Co., which was the exclusive dealer in the securities. 1
The plaintiff, University Hill Foundation (University Hill or the Foundation), purchased two notes in the aggregate face amount of $600,000. which were to mature on September 25, 1970.…
2Cases cited23 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Gustave Gerstle, (Cross-Appellants) v. Gamble-Skogmo, Inc., (Cross-Appellee)Court of Appeals for the Second Circuit · 1973
- Fed. Sec. L. Rep. P 93,213 Hill York Corporation v. American International Franchises, Inc., Gurn H. FreemanCourt of Appeals for the Fifth Circuit · 1971
- The Johns Hopkins University v. William E. HuttonCourt of Appeals for the Fourth Circuit · 1970
18 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- In Re WorldCom, Inc. Securities LitigationDistrict Court, S.D. New York · 2004
- ALTON BOX BOARD COMPANY, Appellant, v. GOLDMAN, SACHS AND COMPANY, AppelleeCourt of Appeals for the Eighth Circuit · 1977
- Fed. Sec. L. Rep. P 95,902 Franklin Savings Bank of New York v. Gustave L. LevyCourt of Appeals for the Second Circuit · 1977
- Johnson v. John Hancock FundsCourt of Appeals of Tennessee · 2006
- BNP Paribas Mortgage Corp. v. Bank of America, N.A.District Court, S.D. New York · 2012
9 more not listed; retrieve them via the Exa API.