Legal Opinion
Hartford Accident & Indemnity Co. v. Walston & Co.
New York Court of Appeals
Decided December 28, 1967PublishedCited by 23 opinions
1Opinion of the Court
*221Van Voorhis, J.
The decision of this appeal depends upon what is the duty of a broker ¡member of the New York Stock Exchange to the owner of stolen shares of stock when delivered for sale and transfer by the thief or one of his confederates. The duty of such a broker does not depend upon whether the owner of the shares has been negligent in safeguarding them or upon whether the thief was placed by the owner, acting in good faith, in a position which enabled him to steal the stock. The cause of action is conversion. The defendant, to whom these shares of stock were delivered for sale, and which…
2Cases cited26 opinions
- Corrigan v. . Bobbs-Merrill Co.New York Court of Appeals · 1920
- Benedict v. . ArnouxNew York Court of Appeals · 1898
- Pierpoint v. HoytNew York Court of Appeals · 1932
- New-York Central Ins. Co. v. . National Protection Ins. Co.New York Court of Appeals · 1856
- Fidelity & Deposit Co. v. Queens County Trust Co.New York Court of Appeals · 1919
21 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Fed. Sec. L. Rep. P 99,479 Samuel Mallis and Franklyn B. Kupferman, Cross-Appellants v. Bankers Trust Company, Cross-AppelleeCourt of Appeals for the Second Circuit · 1983
- Marine Midland Bank v. John E. Russo Produce Co.New York Court of Appeals · 1980
- Scientific Holding Company, Ltd. v. Plessey IncorporatedCourt of Appeals for the Second Circuit · 1974
- Securities And Exchange Commission v. Dennis LevineCourt of Appeals for the Second Circuit · 1989
- United States Fidelity & Guaranty Company v. Royal National Bank of New York and Merrill Lynch, Pierce, Fenner & Smith, Inc.Court of Appeals for the Second Circuit · 1976
18 more not listed; retrieve them via the Exa API.