Legal Opinion
Gordon v. United States Department of the Treasury
District Court, D. Maryland
Decided August 31, 1987No. Civ. B-86-3354PublishedCited by 14 opinions
1Opinion of the Court
WALTER E. BLACK, JR., District Judge.
This case presents for resolution the always problematic situation that arises when a company lapses into insolvency and there is simply not enough money to satisfy each of the outstretched hands. The complexity of this insolvency is compounded by the existence of private as well as government creditors and a conflict in state and federal priority statutes. Whether the general rule of governmental priority shall apply to the facts of this particular case hinges exclusively upon the issue of whether the process of liquidating an insolvent insurance company…
2Cases cited20 opinions
- Pilot Life Insurance v. DedeauxSupreme Court of the United States · 1987
- Metropolitan Life Insurance v. MassachusettsSupreme Court of the United States · 1985
- United States v. South-Eastern Underwriters Assn.Supreme Court of the United States · 1944
- Securities & Exchange Commission v. National Securities, Inc.Supreme Court of the United States · 1969
- Group Life & Health Insurance v. Royal Drug Co.Supreme Court of the United States · 1979
15 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Idaho ex rel. Soward v. United StatesCourt of Appeals for the Ninth Circuit · 1988
- Duane v. Government Employees InsuranceDistrict Court, D. Maryland · 1992
- George Fabe, Superintendent of Insurance, State of Ohio v. United States Department of the Treasury Mitchell A. Levine, Assistant CommissionerCourt of Appeals for the Sixth Circuit · 1991
- Ward Electronic Services, Inc. v. Property & Casualty Insurance Guaranty Corp.Court of Appeals of Maryland · 1991
- Gordon v. United States Department of the TreasuryCourt of Appeals for the Fourth Circuit · 1988
9 more not listed; retrieve them via the Exa API.