Legal Opinion
In re Prudence Co.
District Court, E.D. New York
Decided May 29, 1936No. Nos. 27496, 27028PublishedCited by 1 opinion
1Opinion of the Court
MOSCOWITZ, District Judge.
In June, 1932, the Prudence Company, Inc. (hereinafter referred to.as the “Debt- or”), sought to obtain a loan from the Reconstruction Finance Corporation. At that time the Debtor was indebted to Manufacturers Trust Company in the sum of $2,-000,000, and the latter held the Debtor’s note dated November 13, 1931, payable March 14,. 1932, which note was secured by a mortgage participation certificate. The Debtor was also indebted to other banks in various amounts.
In order to obtain the loan from the Reconstruction Finance Corporation, the Debtor was obliged to obtain a…
2Cases cited10 opinions
- Curtis and Others v. . LeavittNew York Court of Appeals · 1857
- Benedict v. RatnerSupreme Court of the United States · 1925
- Sexton v. Kessler & Co.Supreme Court of the United States · 1912
- Matter of People (Tit. Mtge. Guar. Co.)New York Court of Appeals · 1934
- President & Directors of the Manhattan Co. v. Prudence Co.New York Court of Appeals · 1935
5 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In re Prudence Co.District Court, E.D. New York · 1936