Legal Opinion
In Re Quantum Development Corporation
District Court, Virgin Islands
Decided July 24, 1975No. Bankruptcy No. 5/1972PublishedCited by 9 opinions
1Opinion of the CourtYoung, District Judge
MEMORANDUM OPINION AND JUDGMENT
I
BACKGROUND FACTS
Plaintiff American Fidelity Fire Insurance Company (“AFFIC”), Surety of the bankrupt Quantum Development Corporation (“Quantum”), brings this action to recover from the defendants Bank of Nova Scotia (“BNS”) and First National City Bank (“Citibank”) certain moneys, former bankruptcy funds to which AFFIC has become entitled by subrogation, which were embezzled by Quantum’s original bankruptcy receiver, Mr. Charles Joy.
A
FACTS AS TO BNS
In compliance with an Order of this Court dated March 21, 1973, pursuant to which AFFIC was to deliver a certified…
2Cases cited11 opinions
- Duckett v. National Mechanics' BankCourt of Appeals of Maryland · 1897
- Salsman v. National Community Bank of RutherfordNew Jersey Superior Court Appellate Division · 1968
- King-Porter Company v. ScanlonCourt of Appeals for the Fifth Circuit · 1971
- Hector Avila Estien, an Infant by His Next Friend, Mariano Estien v. Clifford ChristianCourt of Appeals for the Third Circuit · 1975
- Citizens National Bank of Dallas v. HillTexas Supreme Court · 1974
6 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Citizens Bank v. Maryland Industrial Finishing Co.Court of Appeals of Maryland · 1995
- Western Assurance Co., Inc., Debtor in Possession v. Star Financial Bank of Indianapolis, F/k/a Security BankCourt of Appeals for the Seventh Circuit · 1993
- Smith v. Olympic BankWashington Supreme Court · 1985
- Commercial Credit Corporation, a Maryland Corporation v. University National Bank of Fort CollinsCourt of Appeals for the Tenth Circuit · 1979
- American Fidelity Fire Insurance v. JoyCourt of Appeals for the Third Circuit · 1976
4 more not listed; retrieve them via the Exa API.