Duel v. Hollins
Supreme Court of the United States
APPEALS PROM THE CIRCUIT COURT OE APPEALS FOR THE SECOND CIRCUIT. The facts, which involve the relative rights of the trustee in bankruptcy of a firm of brokers and various customers entitled to shares of stocks carried on margin by such brokers, are stated in the opinion.
1Opinion of the CourtJustice McReynolds
Hollins & Company, brokers and members of the New York Stock Exchange, went into bankruptcy November 13, 1913.
On October 13, 1912, they purchased for appellant Duel a hundred shares of Amalgamated Copper Company stock — “Copper”—and received certificates therefor which they subsequently disposed of by deliveries on account of sales for customers.
October 25, 1912, they purchased for one Bamberger thirty shares of “Copper,” received a certificate therefor and pledged this for their own benefit with the National Bank of Commerce.
*525February 25, 1913; they purchased for appellants Wiener, Levy &…
2Cases cited4 opinions
- Richardson v. ShawSupreme Court of the United States · 1908
- Sexton v. Kessler & Co.Supreme Court of the United States · 1912
- Gorman v. LittlefieldSupreme Court of the United States · 1913
- Thomas v. TaggartSupreme Court of the United States · 1908
3Cited by62 opinions
- Helvering v. RankinSupreme Court of the United States · 1935
- Provost v. United StatesSupreme Court of the United States · 1926
- Commonwealth v. HullMassachusetts Supreme Judicial Court · 1937
- In re BolognesiCourt of Appeals for the Second Circuit · 1918
- In re J. C. Wilson & Co.District Court, S.D. New York · 1917
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