Legal Opinion
Adams v. Champion
Supreme Court of the United States
Decided February 4, 1935No. 374PublishedCited by 25 opinions
1Opinion of the CourtJustice Cardozo
A trustee in bankruptcy asserts a claim against the receiver of a national bank for the value of property received by the bank as an unlawful preference. The receiver admits the validity of the claim if it is placed upon the same level as the claims of creditors at large. The trustee insists that the claim must have priority on the ground that the avails of the unlawful preference are subject to a trust.
In September, 1928, the bankrupt, John Fitzgerald, had overdrawn his deposit account with the Farmers National Bank of Pekin, Illinois, and was also indebted to the bank upon promissory notes.…
2Cases cited15 opinions
- National City Bank of NY v. HotchkissSupreme Court of the United States · 1913
- Dean v. DavisSupreme Court of the United States · 1917
- Schoenthal v. Irving Trust Co.Supreme Court of the United States · 1932
- Keppel v. Tiffin Savings BankSupreme Court of the United States · 1905
- Buffum v. Peter Barceloux Co.Supreme Court of the United States · 1933
10 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Granfinanciera, S.A. v. NordbergSupreme Court of the United States · 1989
- Katchen v. LandySupreme Court of the United States · 1966
- McKee v. ParadiseSupreme Court of the United States · 1936
- Snyder v. Devitt (In Re Devitt)United States Bankruptcy Court, D. Maryland · 1991
- Dabney v. Chase Nat. Bank of City of New YorkCourt of Appeals for the Second Circuit · 1952
20 more not listed; retrieve them via the Exa API.