Legal Opinion
Aragon v. Chase Manhattan Bank
District Court, D. Puerto Rico
Decided January 22, 1971No. Civ. No. 64-63PublishedCited by 4 opinions
1Opinion of the Court
FINDINGS OF FACT AND CONCLUSIONS OF LAW
FERNANDEZ-BADILLO, District Judge.
This is an action brought by the Chapter X Trustee of Central San Vicente, Inc.,1 a local sugar mill, to recover from the Puerto Rican Branch of The Chase Manhattan Bank1 payments totalling $250,000 as preferences voidable under Section 60 of the Bankruptcy Act or as fraudulent transfers under Section 67, sub. d of the Act. Following reorganization, San Vicente’s successor, New San Vicente, Inc.,1 was permitted to intervene and assert an identical claim. Both claims were categorically denied by Chase.
After a four day…
2Cases cited11 opinions
- Grant v. National BankSupreme Court of the United States · 1878
- Joseph Cohen, as Trustee in Bankruptcy of New York Investors Mutual Group, Inc., Bankrupt v. Ida SutherlandCourt of Appeals for the Second Circuit · 1958
- Moran Bros., Inc. v. W. R. Yinger, Trustee, Admiral Oils, Inc., an Oklahoma CorporationCourt of Appeals for the Tenth Circuit · 1963
- Johnson v. Root Manufacturing Co.Supreme Court of the United States · 1916
- Lang v. First Nat. Bank in HoustonCourt of Appeals for the First Circuit · 1954
6 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Inland Security Company, Inc. v. Estate of KirshnerDistrict Court, W.D. Missouri · 1974
- Mazer v. Aetna Finance Co. (In Re Zuni)United States Bankruptcy Court, D. New Mexico · 1980
- Erman v. Armco, Inc. (In Re Formed Tubes, Inc.)United States Bankruptcy Court, E.D. Michigan · 1984
- Orlando De Aragon, as Trustee of Central San Vicente, Inc. v. The Chase Manhattan BankCourt of Appeals for the First Circuit · 1972