Wisnouse v. Telsey
District Court, S.D. New York
1Opinion of the Court
OPINION
EDWARD WEINFELD, District Judge.
Plaintiff, a customer of the defendant Axelrod & Co. (Axelrod), a limited partnership, a broker-dealer and a member of the New York Stock Exchange, on May 17, 1971 entered into a subordination agreement with respect to securities then in his account with Axelrod* having a market value of $150,601. He subordinated his right thereto “to the claims of all other present and future creditors of [Axelrod] arising out of any matters occurring prior to” May 17, 1973 (hereafter referred to as the maturity date). On June 12, 1971 plaintiff forwarded an additional…
2Cases cited18 opinions
- Fed. Sec. L. Rep. P 93,093 Judah Rosenfeld, Etc. v. E. R. BlackCourt of Appeals for the Second Circuit · 1971
- Broderick Wood Products Co. v. United StatesCourt of Appeals for the Tenth Circuit · 1952
- Seligman v. . FriedlanderNew York Court of Appeals · 1910
- The Bank of Rochester v. . JonesNew York Court of Appeals · 1851
- In Re the Accounting of PeckNew York Court of Appeals · 1912
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