Legal Opinion
Cassirer v. Sterling National Bank & Trust Co. (In Re Schick)
United States Bankruptcy Court, S.D. New York
Decided August 24, 1998No. 18-23892PublishedCited by 6 opinions
1Opinion of the Court
MEMORANDUM DECISION DENYING MOTIONS TO DISMISS THE COMPLAINT AND THE THIRD-PARTY COMPLAINT
STUART M. BERNSTEIN, Bankruptcy Judge.
The trustee commenced this adversary proceeding to avoid and recover four allegedly preferential loan repayments from the debtor, David Schick, to the defendant, Sterling National Bank (“Sterling”). Sterling answered, and commenced a third-party action seeking indemnification from Merchants Bank of New York (“Merchants”) and Israel Discount Bank of New York (“IDB”)(collectively, the “Participants”) to whom Sterling sold 100% participation interests in two of the…
2Cases cited16 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Scheuer v. RhodesSupreme Court of the United States · 1974
- United States v. Nordic Village, Inc.Supreme Court of the United States · 1992
- Derry Sykes v. John James, New York State Parole OfficerCourt of Appeals for the Second Circuit · 1993
- Harsco Corp. v. SeguiCourt of Appeals for the Second Circuit · 1996
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3Cited by6 opinions
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- Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLC (In re Madoff Securities)District Court, S.D. New York · 2014
- Gowan v. Wachovia Bank, N.A. (In Re Dreier LLP)United States Bankruptcy Court, S.D. New York · 2011
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