Legal Opinion
John Hancock Mutual Life Insurance Co., Etc. v. Carolina Power & Light Company and Irving Trust Company
Court of Appeals for the Second Circuit
Decided August 31, 1983No. Cal. 1414, Docket 83-7079PublishedCited by 51 opinions
1Opinion of the Court
WISDOM, Circuit Judge.
This is a diversity action for breach of contract or, alternatively, for reformation of the contract. Nineteen insurance companies, purchasers of bonds from Carolina Power & Light (“CP & L”), challenge CP & L’s special redemption of those bonds with cash from a special maintenance fund provided for in the mortgage securing the bonds. The plaintiffs contend that CP & L breached an agreement not to redeem the bonds for ten years using borrowed funds with a lower effective interest rate than that provided for in the bonds. We conclude that the district court correctly…
2Cases cited14 opinions
- George Backer Management Corp. v. Acme Quilting Co.New York Court of Appeals · 1978
- Fed. Sec. L. Rep. P 97,956 David Broad v. Rockwell International CorporationCourt of Appeals for the Fifth Circuit · 1981
- Muzak Corp. v. Hotel Taft Corp.New York Court of Appeals · 1956
- Corhill Corp. v. S. D. Plants, Inc.New York Court of Appeals · 1961
- Brause v. GoldmanAppellate Division of the Supreme Court of the State of New York · 1960
9 more not listed; retrieve them via the Exa API.
3Cited by51 opinions
- Westinghouse Electric Corp. v. New York City Transit AuthorityDistrict Court, S.D. New York · 1990
- Investors Insurance Company of America, Cross-Appellee v. Dorinco Reinsurance Company, Cross-AppellantCourt of Appeals for the Second Circuit · 1990
- Fed. Sec. L. Rep. P 95,610 Joe Goldberg v. Bear, Stearns & Co., Inc., and Michael S. GorinskyCourt of Appeals for the Eleventh Circuit · 1990
- In re the Arbitration between Intercarbon Bermuda, Ltd. & Caltex Trading & Transport Corp.District Court, S.D. New York · 1993
- U.S. Bank Trust National Ass'n v. American Airlines, Inc. (In re AMR Corp.)United States Bankruptcy Court, S.D. New York · 2013
46 more not listed; retrieve them via the Exa API.