Legal Opinion
Hirsch v. Wharton
Court of Appeals for the Second Circuit
Decided April 6, 1965No. 317, Docket 29300PublishedCited by 3 opinions
1Opinion of the Court
SMITH, Circuit Judge:
Early in 1963 Continental Vending Machine Corporation, in financial straits, borrowed $995,000 from James Talcott, Inc., a financial institution, and from banks and individuals, as security for which Roth, one of Continental’s officers, pledged securities and a mortgage on his house, and Continental also mortgaged some of its vending routes. Appellant Weiner supplied $100,000 of the loan, appellant Hirseh $125,000, through one Schaeffer as “trustee” for individual lenders, and in turn through Talcott, as “Representative” acting for itself, the banks and Schaeffer as…
2Cases cited3 opinions
- William Esbitt, as Receiver of the Assets and Property of First Discount Corp. v. Dutch-American Mercantile Corp.Court of Appeals for the First Circuit · 1964
- In Re International Power Securities CorporationCourt of Appeals for the Third Circuit · 1948
- McAvoy v. United StatesCourt of Appeals for the Second Circuit · 1949
3Cited by3 opinions
- In the Matter of Marine Distributors, Inc., a California Corporation, Bankrupt. Barbara Postal and Travers A. Laird v. James A. A. Smith, TrusteeCourt of Appeals for the Ninth Circuit · 1975
- Roslyn Savings Bank v. Vaniman International, Inc.District Court, E.D. New York · 1981
- Hirsch v. WhartonCourt of Appeals for the Second Circuit · 1965