Legal Opinion
Ropico, Inc. v. City of New York
District Court, S.D. New York
Decided May 17, 1976No. 75 Civ. 6168, 75 Civ. 6246PublishedCited by 1 opinion
1Opinion of the Court
GAGLIARDI, District Judge.
These two actions challenge the constitutionality of the New York State Emergency Moratorium Act for the City of New York, 1975 McKinney Session Laws, Chapter 874 (the “Act”) which was enacted November 14, 1975 at an Extraordinary Session of the New York State Legislature convened specially to deal with the impending default of New York City on full faith and credit obligations falling due in December of 1975. 1 The Act provides in essence that payment of principal on short-term notes issued by the City shall be suspended for three years, but that noteholders have…
2Cases cited20 opinions
- Zwickler v. KootaSupreme Court of the United States · 1967
- McNeese v. Board of Education for Community Unit School District 187 CahokiaSupreme Court of the United States · 1963
- Harman v. ForsseniusSupreme Court of the United States · 1965
- Kusper v. PontikesSupreme Court of the United States · 1973
- Lake Carriers' Assn. v. MacMullanSupreme Court of the United States · 1972
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3Cited by1 opinion
- Ropico, Inc. v. City of New YorkDistrict Court, S.D. New York · 1976