Legal Opinion

Bellis v. Thal

District Court, E.D. Pennsylvania

Decided March 12, 1974No. Civ. A. 69-2843PublishedCited by 21 opinions

1Opinion of the Court

FINDINGS OF FACT AND CONCLUSIONS OF LAW

GORBEY, District Judge.

Plaintiffs are trustees in the consolidated reorganization proceedings of Commonwealth Financial Corporation (Commonwealth), Neighborhood Finance Co. Inc., Neighborhood Finance Co. Inc. of Pennsylvania, and Quaker City Investment Corporation (Quaker) under Chapter X of the Bankruptcy Act pending in this district, Cause No. 30108. The defendants, officers, directors and dominant shareholders are charged with breach of fiduciary duty, mismanagement, diversion of assets and self-dealing, involving Commonwealth, its subsidiaries and…

2Cases cited14 opinions

  1. Pepper v. LittonSupreme Court of the United States · 1939
  2. Briggs v. SpauldingSupreme Court of the United States · 1891
  3. Seaboard Industries, Inc. v. MonacoSupreme Court of Pennsylvania · 1971
  4. Pappas v. MossCourt of Appeals for the Third Circuit · 1968
  5. Uccello v. Gold'n Foods, Inc.Massachusetts Supreme Judicial Court · 1950

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3Cited by21 opinions

  1. Bohler-Uddeholm America, Inc., a Delaware Corporation Bohler-Uddeholm Corporation, a New York Corporation v. Ellwood Group, Inc., a Pennsylvania Corporation Ellwood Quality Steels Company, a Pennsylvania Business Trust Ellwood Specialty Steel Company, a Pennsylvania Corporation David E. Barensfeld, an Individual v. Bohler-Uddeholm Coporation, a New York Corporation Uddeholm Limited, a Canadian Corporation Ellwood Group, Inc. Ellwood Quality Steels Co. Ellwood Specialty Steel Co. David Barensfeld Bjorn E. GabrielssonCourt of Appeals for the Third Circuit · 2001
  2. United States v. Gleneagles Investment Co.District Court, M.D. Pennsylvania · 1983
  3. Interlake Porsche + Audi, Inc. v. BucholzCourt of Appeals of Washington · 1986
  4. Stanger v. Athos Steel Aluminum, Inc. (In Re Athos Steel & Aluminum, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 1987
  5. Enterra Corp. v. SGS ASSOCIATESDistrict Court, E.D. Pennsylvania · 1985

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