Legal Opinion
Norton D. Waltuch v. Conticommodity Services, Inc. And Continental Grain Co.
Court of Appeals for the Second Circuit
Decided June 27, 1996No. 447, Docket 95-7433PublishedCited by 31 opinions
1Opinion of the Court
JACOBS, Circuit Judge:
Famed silver trader Norton Waltuch spent $2.2 million in unreimbursed legal fees to defend himself against numerous civil lawsuits and an enforcement proceeding brought by the Commodity Futures Trading Commission (CFTC). In this action under Delaware law, Waltuch seeks indemnification of his legal expenses from his former employer. The district court denied any indemnity, and Wal-tuch appeals.
As vice-president and chief metals trader for Conticommodity Services, Inc., Waltuch traded silver for the firm’s clients, as well as for his own account. In late 1979 and early…
2Cases cited10 opinions
- Citadel Holding Corp. v. RovenSupreme Court of Delaware · 1992
- Shearin v. E.F. Hutton Group, Inc.Court of Chancery of Delaware · 1994
- Hibbert v. Hollywood Park, Inc.Supreme Court of Delaware · 1983
- Pepsico, Inc. v. Continental Casualty Co.District Court, S.D. New York · 1986
- Merritt-Chapman & Scott Corporation v. WolfsonSuperior Court of Delaware · 1974
5 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Biondi v. Beekman Hill House Apartment Corp.New York Court of Appeals · 2000
- Sun-Times Media Group, Inc. v. BlackCourt of Chancery of Delaware · 2008
- Owens Corning v. National Union Fire Insurance Co. Of Pittsburgh, PennsylvaniaCourt of Appeals for the Sixth Circuit · 2001
- Levy v. HLI Operating Co., Inc.Court of Chancery of Delaware · 2007
- Adelphia Communications Corp. v. Rigas (In Re Adelphia Communications Corp.)United States Bankruptcy Court, S.D. New York · 2005
26 more not listed; retrieve them via the Exa API.