Legal Opinion
In the Matter of INVESTORS FUNDING CORPORATION OF NEW YORK, Debtors
District Court, S.D. New York
Decided October 22, 1980No. 74 B 1454, 74 B 1455 and 74 B 1511-74 B 1542PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM
BONSAL, District Judge.
James Bloor, as ^Trustee of Investors Funding Corporation of New York (“IFC”) j~and its 33 subsidiaries, moves to disallow and expunge the claims filed in this reorganization proceeding by Peat, Marwick, Mitchell & Co. and Ernst & Whinney as successor to S. D. Leidesdorf & Co. (“the i accountants”), former accountants for IFC. ( " xhe claims of the accountants seek indemni- 1 ty and contribution out of the assets of the Estate for the amount of any liability which may ultimately be imposed upon them in six lawsuits presently pending against them and for their…
2Cases cited21 opinions
- Alyeska Pipeline Service Co. v. Wilderness SocietySupreme Court of the United States · 1975
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Pepper v. LittonSupreme Court of the United States · 1939
- In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977
- Heiser v. WoodruffSupreme Court of the United States · 1946
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3Cited by3 opinions
- Matter of Baldwin-United Corp.United States Bankruptcy Court, S.D. Ohio · 1985
- In Re Christian Life CenterCourt of Appeals for the Ninth Circuit · 1987
- Christian Life Center Litigation Defense Committee v. SilvaCourt of Appeals for the Ninth Circuit · 1987