Legal Opinion
In re Good Hope Chemical Corp.
District Court, D. Massachusetts
Decided July 22, 1983No. Bankruptcy No. 75-2742-GPublished
1Opinion of the Court
MEMORANDUM AND ORDER
RE: EXCHANGE RATE ISSUE
PAUL W. GLENNON, Bankruptcy Judge.
On June 12, 1980, Koerver & Lersch, a German corporation, Good Hope Chemical Corporation, a Chapter XI debtor, and the creditors’ committee of Good Hope Chemical Corporation entered into a stipulation (approved by the Court) fixing the amount of Koerver & Lersch’s claim in the United States dollar equivalent of 11,055.121 Deutsche marks. The stipulation expressly left open the question as to what date the amount of the claim should be converted into United States dollars. That question, which was briefed and argued…
2Cases cited22 opinions
- Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
- Sampsell v. Imperial Paper & Color Corp.Supreme Court of the United States · 1941
- Anibal Conte, Libelant-Appellee-Appellant v. Flota Mercante Del Estado, Respondent-Appellant-AppelleeCourt of Appeals for the Second Circuit · 1960
- 6 Collier bankr.cas.2d 321, Bankr. L. Rep. P 69,005 in Re United Merchants and Manufacturers, Inc., Debtors. United Merchants and Manufacturers, Inc., Debtors-Appellees v. The Equitable Life Assurance Society of the United States and John Hancock Mutual Life Insurance CompanyCourt of Appeals for the Second Circuit · 1982
- Deutsche Bank Filiale Nurnberg v. HumphreySupreme Court of the United States · 1926
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