Legal Opinion
ANZ Securities Inc. v. Giddens
Court of Appeals for the Second Circuit
Decided December 14, 2015No. Docket No. 14-3686PublishedCited by 14 opinions
1Opinion of the Court
DENNIS JACOBS, Circuit Judge:
In order to ensure that claims which are in essence claims corresponding to ownership of securities (debt or equity) are confined to their proper tier of the waterfall, Section 510(b) of the Bankruptcy Code provides generally that “a claim arising from rescission of a purchase or sale of a security of the debtor or ... for damages arising from the purchase or sale of such a security ... shall be subordinated to all claims or interests that are senior to or equal the claim or interest represented by such security....” 11 U.S.C. § 510(b). The provision treats the…
2Cases cited24 opinions
- United States v. MortonSupreme Court of the United States · 1984
- Samantar v. YousufSupreme Court of the United States · 2010
- Mary Jo C. v. New York State and Local Retirement System et ano.Court of Appeals for the Second Circuit · 2013
- In Re Telegroup, Inc. Baroda Hill Investments, Ltd. Leheron Corporation, Ltd. Kimble John Winter v. Telegroup, IncCourt of Appeals for the Third Circuit · 2002
- In Re Bernard L. Madoff Investment Securities LLCCourt of Appeals for the Second Circuit · 2011
19 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- In re Motors Liquidation Co.: Those Certain Post-Closing AccidentCourt of Appeals for the Second Circuit · 2019
- Momentive Performance Materials Inc. v. BOKF, NACourt of Appeals for the Second Circuit · 2017
- Adler v. Lehman Bros. Holdings Inc. (In re Lehman Bros. Holdings Inc.)Court of Appeals for the Second Circuit · 2017
- Ltc of William Del Biaggio III v. David FreemanCourt of Appeals for the Ninth Circuit · 2016
- Schwartz v. Lehman Bros. Holdings Inc. (In re Lehman Bros. Holdings Inc.)District Court, S.D. New York · 2016
9 more not listed; retrieve them via the Exa API.