Legal Opinion
Naftalin & Co. v. Merrill Lynch, Pierce, Fenner & Smith, Inc.
Court of Appeals for the Eighth Circuit
Decided November 29, 1972No. Nos. 71-1634, 71-1672PublishedCited by 29 opinions
1Opinion of the Court
MURRAH, Senior Circuit Judge.
The primary controversy in this bankruptcy proceeding involves the proper interpretation and application of various sections of the Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq., and its implementing regulations. The appellants, six firms engaged in business as securities brokers and dealers, filed involuntary bankruptcy petitions against Naftalin & Company, Inc., also a registered securities broker and dealer, alleging claims totaling more than $650,000 which Naftalin is financially unable to satisfy. The alleged claims are based on Naftalin’s asserted…
2Cases cited15 opinions
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- Royal Air Properties, Inc., a Corporation, Harold L. Heathman and Madge I. Heathman v. R. Philip SmithCourt of Appeals for the Ninth Circuit · 1962
- Fed. Sec. L. Rep. P 92,710 Stanley S. Pearlstein v. Scudder & German, a PartnershipCourt of Appeals for the Second Circuit · 1970
- Moscarelli v. StammDistrict Court, E.D. New York · 1968
- Serzysko v. Chase Manhattan BankDistrict Court, S.D. New York · 1968
10 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Fed. Sec. L. Rep. P 96,916 Edwards & Hanly v. Wells Fargo Securities Clearance CorporationCourt of Appeals for the Second Circuit · 1979
- Manufacturers Hanover Trust Co. v. Drysdale Securities Corp.Court of Appeals for the Second Circuit · 1986
- Fed. Sec. L. Rep. P 98,718 Regional Properties, Inc., Cross-Appellants v. Financial and Real Estate Consulting Company, Cross-AppelleesCourt of Appeals for the Fifth Circuit · 1982
- Samuel STERN, Appellant, v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., AppelleeCourt of Appeals for the Fourth Circuit · 1979
- Drasner v. Thomson McKinnon Securities, Inc.District Court, S.D. New York · 1977
24 more not listed; retrieve them via the Exa API.