Legal Opinion
Otte v. Manufacturers Hanover Commercial Corp.
Court of Appeals for the Second Circuit
Decided April 20, 1979No. 669, Docket 78-5027PublishedCited by 14 opinions
1Opinion of the Court
FRIENDLY, Circuit Judge:
This appeal from an order of the District Court for the Southern District of New York concerns a controversy between Manufacturers Hanover Commercial Corporation (MHCC) and the trustee in bankruptcy of Texlon Corporation (Texlon), formerly a debtor in possession in a Chapter XI proceeding, which began early in 1975. It concerns a practice, euphemistically called “cross-collateralization”, which, we are told, has been authorized not infrequently by bankruptcy judges in the Southern District of New York. What this term means is that in return for making new loans to a…
2Cases cited21 opinions
- Bank of Marin v. EnglandSupreme Court of the United States · 1966
- Swift & Co. v. United StatesSupreme Court of the United States · 1928
- Wayne United Gas Co. v. Owens-Illinois Glass Co.Supreme Court of the United States · 1937
- Pfister v. Northern Illinois Finance Corp.Supreme Court of the United States · 1942
- Arnold Schildhaus v. Kenneth W. Moe, as District Director of Internal RevenueCourt of Appeals for the Second Circuit · 1964
16 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- In the Matter of Emergency Beacon Corporation, Debtor. Montco, Inc. v. Harvey S. BarrCourt of Appeals for the Second Circuit · 1981
- In Re Texlon CorporationCourt of Appeals for the Second Circuit · 1979
- Fustok v. ContiCommodity Services, Inc.Court of Appeals for the Second Circuit · 1989
- In Re Beker Industries Corp.United States Bankruptcy Court, S.D. New York · 1986
- Grace v. Bank Leumi Trust Co.Court of Appeals for the Second Circuit · 2006
9 more not listed; retrieve them via the Exa API.