Legal Opinion
New York Stock Exchange v. Pickard & Company
Court of Chancery of Delaware
Decided January 27, 1971PublishedCited by 6 opinions
1Opinion of the Court
DUFFY, Chancellor:
In this proceeding Peter C. Buswell (petitioner) seeks an order upon Aubrey B. Lank, the Receiver of Pickard & Company, Incorporated (Pickard) directing delivery to him of certain stock certificates and cash dividends paid on them. Pickard was a stockbroker member of the New York Stock Exchange for which this Court appointed a Receiver on April 22, 1969 on the grounds of insolvency. 8 Del.C. § 291.
A
In 1965 Buswell became a customer of Pickard and established a margin account with it. To' cover margin purchases and as collateral for future purchases Buswell delivered to…
2Cases cited4 opinions
- Richardson v. ShawSupreme Court of the United States · 1908
- Lavien v. NormanCourt of Appeals for the First Circuit · 1932
- Dennett v. WilmerdingMassachusetts Supreme Judicial Court · 1935
- Denton v. Gurnett & Co.Court of Appeals for the First Circuit · 1934
3Cited by6 opinions
- Carl M. Limbaugh v. Merrill Lynch, Pierce, Fenner & Smith, Inc., a CorporationCourt of Appeals for the Eleventh Circuit · 1984
- Wal-Mart Stores, Inc. v. AIG Life InsuranceCourt of Chancery of Delaware · 2005
- Goodrich v. E.F. Hutton Group, Inc.Court of Chancery of Delaware · 1988
- O'MALLEY v. BorisSupreme Court of Delaware · 1999
- In Re Indian Motocycle Co., Inc.United States Bankruptcy Court, D. Massachusetts · 2001
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