Richardson v. Shaw
Supreme Court of the United States
CERTIORARI TO THE CIRCUIT COURT OF APPEALS FOR THE SECOND CIRCUIT. The facts are stated in the opinion. In the eye of the bankrupt law, the respondents were creditors of the insolvent, and his transfer to them of assets of his own, whereby.they were enabled to redeem withbut loss to themselves the stocks which in carrying on their accounts he had pledged on general loans, constituted a preference over • other customers as creditors in the same class.
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CERTIORARI TO THE CIRCUIT COURT OF APPEALS FOR THE SECOND CIRCUIT. The facts are stated in the opinion. In the eye of the bankrupt law, the respondents were creditors of the insolvent, and his transfer to them of assets of his own, whereby.they were enabled to redeem withbut loss to themselves the stocks which in carrying on their accounts he had pledged on general loans, constituted a preference over • other customers as creditors in the same class. Plainly so, if the lex loci is to govern. The contract was,made and performed in Massachusetts, under whose law broker and customer are parties…
1Opinion of the CourtJustice Day
This case comes here upon a writ of certiorari to the United States Circuit Court of Appeals for the Second Circuit. The petitioner Richardson brought suit in the District Court of the United States for the Southern District of New York, as trustee in bankruptcy of J. Francis Brown, against John M. Shaw and Alexander Davidson, respondents, to recover certain alleged preferences.
Brown, the bankrupt, was a stockbroker transacting business in Boston. The respondents John M. Shaw and Alexander Davidson were partners and stockbrokers transacting business in New York as John M. Shaw & Company, and,…
2Cases cited18 opinions
- York Manufacturing Co. v. CassellSupreme Court of the United States · 1906
- Thompson v. FairbanksSupreme Court of the United States · 1905
- Cook v. TullisSupreme Court of the United States · 1874
- Markham v. . JaudonNew York Court of Appeals · 1869
- Galigher v. JonesSupreme Court of the United States · 1889
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- Helen C. Carras and Bill G. Carras, Co-Executors of the Estate of Gus N. Carras, Deceased v. James S. Burns, Jr.Court of Appeals for the Fourth Circuit · 1975
- Klein v. TabatchnickCourt of Appeals for the Second Circuit · 1979
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