Legal Opinion
Pettit v. American Stock Exchange
District Court, S.D. New York
Decided April 15, 1963PublishedCited by 74 opinions
1Opinion of the Court
PALMIERI, District Judge.
This is a suit by trustees appointed pursuant to Chapter X of the Bankruptcy Act 1 against the American Stock Exchange (Exchange) and others for alleged complicity in larcenous acts perpetrated by Lowell Birrell with respect to the fraudulent issuance of Swan-Finch stock and its subsequent sale to the public. This suit follows a series of public revelations that were both startling in nature and widespread in effect.
In May of 1961 the Securities and Exchange Commission expelled defendants Gerard A. and Gerard F. Re from the Exchange and revoked their broker-dealer…
2Cases cited29 opinions
- Birnbaum v. Newport Steel Corp.Court of Appeals for the Second Circuit · 1952
- Perry O. Hooper, as Trustee in Bankruptcy of Consolidated American Industries, Inc. v. Mountain States Securities CorporationCourt of Appeals for the Fifth Circuit · 1960
- Julius Nagler v. Admiral CorporationCourt of Appeals for the Second Circuit · 1957
- Subin v. GoldsmithCourt of Appeals for the Second Circuit · 1955
- Brown v. BullockCourt of Appeals for the Second Circuit · 1961
24 more not listed; retrieve them via the Exa API.
3Cited by74 opinions
- George Lee Mims, Sr. v. United StatesCourt of Appeals for the Fifth Circuit · 1967
- Fed. Sec. L. Rep. P 94,464 Securities and Exchange Commission v. William v. Coffey, and John M. KingCourt of Appeals for the Sixth Circuit · 1974
- Heit v. WeitzenCourt of Appeals for the Second Circuit · 1968
- Donald W. Buttrey, Trustee in Bankruptcy for Dobich Securities Corporation v. Merrill Lynch, Pierce, Fenner & Smith, Inc.Court of Appeals for the Seventh Circuit · 1969
- Fed. Sec. L. Rep. P 94,788 Jack Kerbs v. Fall River Industries, Inc., a Colorado CorporationCourt of Appeals for the Tenth Circuit · 1974
69 more not listed; retrieve them via the Exa API.