Legal Opinion

Securities & Exchange Commission v. American Board of Trade, Inc.

District Court, S.D. New York

Decided February 2, 1987No. 83 Civ. 6213 (SWK)PublishedCited by 13 opinions

1Opinion of the Court

MEMORANDUM OPINION AND ORDER

KRAM, District Judge.

Pursuant to this Court’s order of July 31, 1986 appointing Milton S. Gould, Esq. Special Master, Mr. Gould submitted his report and recommendations (the “Report”) to the Court on November 5, 1986. The key finding in the Report, which is annexed (to the original) as Appendix A, is that the American Board of Trade (“ABT”) has aggregate liabilities of approximately $79 million against which it holds approximately $30 million in assets. This liability, combined with ABT’s inability to generate income due to the injunction on its commercial paper…

2Cases cited10 opinions

  1. Woodruff v. . Erie Railway CompanyNew York Court of Appeals · 1883
  2. Kinnison v. Guaranty Liquidating Corp.California Supreme Court · 1941
  3. Kyung Sup Ahn, M.C., P.C. v. Rooney, Pace Inc.District Court, S.D. New York · 1985
  4. McKee v. LamonSupreme Court of the United States · 1895
  5. Independent Coal & Coke Co. v. United StatesSupreme Court of the United States · 1927

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3Cited by13 opinions

  1. United Feature Syndicate, Inc. v. Miller Features Syndicate, Inc.District Court, S.D. New York · 2002
  2. Basic Books, Inc. v. Kinko's Graphics Corp.District Court, S.D. New York · 1991
  3. Compania Sud-Americana De Vapores S.A. v. IBJ Schroder Bank & Trust Co.District Court, S.D. New York · 1992
  4. Rubin Bros. Footwear, Inc. v. Chemical Bank (In Re Rubin Bros. Footwear, Inc.)District Court, S.D. New York · 1990
  5. LFD Operating, Inc. v. Ames Department Stores, Inc. (In Re Ames Department Stores, Inc.)United States Bankruptcy Court, S.D. New York · 2002

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