Legal Opinion
Field v. Bankers Trust Co.
Court of Appeals for the Second Circuit
Decided November 8, 1961No. 32, Docket 26554PublishedCited by 9 opinions
1Opinion of the Court
LUMBARD, Chief Judge.
The trustee in bankruptcy appeals from a dismissal by the district court of his suit to recover money from two banks on the theory that the banks were chargeable with knowledge that misappropriations by the bankrupt corporation’s president impaired its capital in violation of New Yprk Stock Corporation Law, McKinney’s Consol. Laws, c. 59, § 58.
Giant Outlet Market, Inc. (Giant) operated a farmers market in Brooklyn, New York, until it burned down in December 1956. Thereafter it received approximately $40,000 on its fire insurance which its president and sole stockholder,…
2Cases cited17 opinions
- Bischoff v. . Yorkville BankNew York Court of Appeals · 1916
- Ward v. City Trust Co. of New YorkNew York Court of Appeals · 1908
- Carson v. Federal Reserve BankNew York Court of Appeals · 1930
- Grace v. Corn Exchange Bank Trust Co.New York Court of Appeals · 1941
- Barr & Creelman Mill & Plumbing Supply Co. v. ZollerCourt of Appeals for the Second Circuit · 1940
12 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Henderson v. Buchanan (In Re Western World Funding, Inc.)United States Bankruptcy Court, D. Nevada · 1985
- Pettit v. American Stock ExchangeDistrict Court, S.D. New York · 1963
- Atlanta Shipping Corp., Inc. v. Chemical BankDistrict Court, S.D. New York · 1986
- McDonnell v. American Leduc Petroleums, Ltd.Court of Appeals for the Second Circuit · 1972
- Kogan v. National Bank of North AmericaDistrict Court, E.D. New York · 1975
4 more not listed; retrieve them via the Exa API.