Legal Opinion
Guaranty Trust Co. of New York v. Seaboard Air Line Ry. Co.
District Court, E.D. Virginia
Decided July 31, 1945No. 214PublishedCited by 5 opinions
1Opinion of the Court
CHESNUT, District Judge.
In the course of reorganization of the Seaboard Air Line Railway Company, the Reorganization Managers or Committee, as authorized by an order of this court dated February 8, 1944, purchased $1,574,000 principal amount of Georgia, Florida & Alabama Railroad Company Bonds (hereinafter called the G. F. & A.) paying therefor $750 per $1,000 bond, with funds held by the Seaboard Receivers. The amount purchased represents about 90% of the outstanding first mortgage bonds of the Railroad Company, which, prior to the receivership of the Seaboard, had been a leased line and…
2Cases cited10 opinions
- Philadelphia Co. v. DippleSupreme Court of the United States · 1941
- Palmer v. Webster and Atlas Nat. Bank of BostonSupreme Court of the United States · 1941
- Security-First Nat. Bank v. Rindge Land & Navigation Co.Court of Appeals for the Ninth Circuit · 1936
- Lorraine Castle Apartments Bldg. Corp. v. MacHiewichCourt of Appeals for the Seventh Circuit · 1945
- Badenhausen v. Guaranty Trust Co.Court of Appeals for the Fourth Circuit · 1944
5 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Georgia, Florida & Alabama R. v. Bankers Trust Co.Court of Appeals for the Fifth Circuit · 1948
- Dure v. GlazebrookCourt of Appeals for the Fourth Circuit · 1946
- Guaranty Trust Co. v. Seaboard Air Line Ry. Co.District Court, E.D. Virginia · 1946
- Guaranty Trust Co. v. Seaboard Air Line Ry. Co.District Court, E.D. Virginia · 1946
- In re Georgia, Florida & Alabama R.District Court, M.D. Georgia · 1950