Legal Opinion

Grace v. Sterling, Grace & Co.

Appellate Division of the Supreme Court of the State of New York

Decided April 30, 1968PublishedCited by 36 opinions

1Opinion of the Court

Eager, J. P.

This action was brought to recover damages for the loss sustained by the owner of certain convertible debentures by reason of a failure to convert them into stock prior to their redemption date, and all parties appeal from an order and judgment entered upon a determination of plaintiff’s motion and defendants’ cross motions for summary judgment.

Plaintiff was the owner of $25,000 convertible bearer (coupon) debentures of Gardner-Denver Company due October 1, 1976. She was a customer of defendant Sterling, Grace & Company (Sterling), a copartnership (a stockbroker), of which her…

2Cases cited18 opinions

  1. MacPherson v. . Buick Motor Co.New York Court of Appeals · 1916
  2. Glanzer v. . ShepardNew York Court of Appeals · 1922
  3. Van Blaricom v. . DodgsonNew York Court of Appeals · 1917
  4. Sadowski v. Long Island R.R. Co.New York Court of Appeals · 1944
  5. Osborn v. ClineNew York Court of Appeals · 1934

13 more not listed; retrieve them via the Exa API.

3Cited by36 opinions

  1. Empire Life Insurance Company of America v. Valdak CorporationCourt of Appeals for the Fifth Circuit · 1972
  2. Bank of China v. David C.W. ChanCourt of Appeals for the Second Circuit · 1991
  3. Cleveland Chair Co. v. United StatesUnited States Court of Claims · 1977
  4. Marine Midland Bank v. CMR Industries, Inc.Appellate Division of the Supreme Court of the State of New York · 1990
  5. Federal Deposit Ins. Corp. v. WebbDistrict Court, E.D. Tennessee · 1978

31 more not listed; retrieve them via the Exa API.

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