Legal Opinion
In re Atlantic, G. & P. S. S. Co.
District Court, D. Maryland
Decided April 28, 1923No. 3776PublishedCited by 11 opinions
1Opinion of the Court
RÓSE, Circuit Judge.
The bankrupt, the Atlantic, Gulf & Pacific Steamship Corporation, is a Maryland corporation. It never had more than about $150,000 of paid-in capital, and yet it agreed to buy from the United States six fine ships and to pay $9,300,000 for them. All of them were delivered to it, and it operated them for more than 18 months, but $195,469 was the total it paid on account of them. When, in August, 1922, the government, in consequence of the bankrupt’s manifold defaults, repossessed itself of them, the decline in the saleable value of the ships had been so great that they were…
2Cases cited13 opinions
- Sloan Shipyards Corp. v. United States Shipping Bd. Emergency Fleet CorporationSupreme Court of the United States · 1922
- Guarantee Title & Trust Co. v. Title Guaranty & Surety Co.Supreme Court of the United States · 1912
- United States v. United Engineering & Contracting Co.Supreme Court of the United States · 1914
- Greey v. DockendorffSupreme Court of the United States · 1913
- Davis v. CoyleCourt of Appeals for the Second Circuit · 1922
8 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Schirmer Stevedoring Co., Ltd. v. Seaboard Stevedoring Corp., Brady Hamilton Stevedore Co., Williams, Dimond & Co., N. J. Goulandris, Ltd., Financiera Peruana, S.A. v. Seaboard Stevedoring Corporation, N. J. Goulandris, Ltd. v. Marine Chartering Co., Inc.Court of Appeals for the Ninth Circuit · 1962
- Schirmer Stevedoring Co. v. Seaboard Stevedoring Corp.Court of Appeals for the Ninth Circuit · 1962
- United States v. Robins Dry Dock & Repair Co.Court of Appeals for the First Circuit · 1926
- United States v. Certain Subfreights Due Steamship NeponsetDistrict Court, D. Massachusetts · 1924
- In re Atlantic, Gulf & Pacific S. S. Co.District Court, D. Maryland · 1923
6 more not listed; retrieve them via the Exa API.