Pepper v. Litton
Supreme Court of the United States
1Opinion of the CourtJustice Douglas
The case presents the question of the power of the bankruptcy court to disallow either as a secured or as a general or unsecured claim a judgment obtained by the dominant and controlling stockholder of the bankrupt corporation on alleged salary claims. The judgment of the District Court disallowing the claim was reversed by the Circuit Court of Appeals (100 F. 2d 830). We granted certiorari because of an apparent restriction imposed by that decision on the power of the bankruptcy court to disallow or to subordinate such claims in exércise of its broad equitable powers.
The findings of the…
2Cases cited58 opinions
- Local Loan Co. v. HuntSupreme Court of the United States · 1934
- Twin-Lick Oil Co. v. MarburySupreme Court of the United States · 1876
- Isaacs v. Hobbs Tie & Timber Co.Supreme Court of the United States · 1931
- Southern Pacific Co. v. BogertSupreme Court of the United States · 1919
- Taylor v. Standard Gas & Electric Co.Supreme Court of the United States · 1939
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3Cited by1,990 opinions
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- Katchen v. LandySupreme Court of the United States · 1966
- Chiarella v. United StatesSupreme Court of the United States · 1980
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