Legal Opinion
New York Stock Exchange v. PICKARD & COMPANY, INCORPORATED
Court of Chancery of Delaware
Decided August 31, 1972PublishedCited by 3 opinions
1Opinion of the Court
DUFFY, Chancellor:
The issue for decision involves claims to priority among subordinated lenders to a corporation now in an insolvency receivership.
A
Pickard and Co., Inc., a Delaware corporation, (Pickard) was a registered stockbroker and investment adviser and a member of the New York Stock Exchange (NYSE). On September 29, 1967 Haskins & Sells, independent public accountants, began an audit of Pickard for the purpose of a routine report to NYSE. In January 1968 the accountants reported to NYSE that they were unable to complete the audit because of deficiencies and inaccuracies in Pickard’s…
2Cases cited9 opinions
- In Re Bowman Hardware & Electric Co.Court of Appeals for the Seventh Circuit · 1933
- Bird & Sons Sales Corporation v. TobinCourt of Appeals for the Eighth Circuit · 1935
- In Re Aktiebolaget Kreuger & TollCourt of Appeals for the Second Circuit · 1938
- Eastman v. OhioSupreme Court of the United States · 1936
- Amussen v. Quaker City Corp.Court of Chancery of Delaware · 1931
4 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Sumitomo Trust & Banking Co. v. Holly's, Inc. (In Re Holly's, Inc.)United States Bankruptcy Court, W.D. Michigan · 1992
- Marciano v. NakashSupreme Court of Delaware · 1987
- Palmolive Bldg. Investors, LLC v. Comm'rUnited States Tax Court · 2017