Legal Opinion
In Re Herbert Herman Weisberg Delphine Ruth Weisberg, Debtors, Edward M. Wolkowitz, Trustee and David R. Weinstein v. Shearson Lehman Brothers, Inc.
Court of Appeals for the Ninth Circuit
Decided February 17, 1998No. 96-55528PublishedCited by 16 opinions
1Opinion of the Court
LAY, Circuit Judge:
This case concerns the applicability of the automatic stay provision under 11 U.S.C. § 362 to the liquidation of a debtor’s shares of stock by a stockbroker under a “margin loan.”
Herbert Herman Weisberg (“Weisberg”) entered a “Client Agreement” with Shearson Lehman Brothers, Inc. (“Shearson”), a licensed stockbroker, and placed shares of stock in a cash account with Shearson. The Client Agreement contained terms by which a customer could purchase, sell, or borrow securities as well as borrow against securities. On or about October 8, 1990, Weisberg borrowed $50,000 from…
2Cases cited6 opinions
- Fed. Sec. L. Rep. P 99,010 Fred H. Harmsen v. C. Arnholt SmithCourt of Appeals for the Ninth Circuit · 1982
- In Re Drexel Burnham Lambert Group Inc.United States Bankruptcy Court, S.D. New York · 1990
- 1993-1 Trade Cases P 70,285, 29 Collier bankr.cas.2d 470, Bankr. L. Rep. P 75,331 Hillis Motors, Inc., and Dallas Edward Rowley v. Hawaii Automobile Dealers' AssociationCourt of Appeals for the Ninth Circuit · 1993
- Fed. Sec. L. Rep. P 99,004 United States of America v. Paul F. KendrickCourt of Appeals for the Ninth Circuit · 1982
- Wolkowitz v. Shearson Lehman Bros. (In Re Weisberg)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1996
1 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- In Re: Michael W. Sheehan Wilhelmina Sheehan, Debtors. Yoji Oyama v. Michael W. Sheehan Wilhelmina SheehanCourt of Appeals for the Ninth Circuit · 2001
- Eskanos & Adler, P.C. v. Roman (In Re Roman)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2002
- In Re: Southern California Plastics, Inc., Debtor. Lawrence A. Diamant, Chapter 7 Trustee v. Vartan KasparianCourt of Appeals for the Ninth Circuit · 1999
- Fernandez v. GE Capital Mortgage Services, Inc. (In Re Fernandez)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1998
- Bigelow v. BradyCourt of Appeals for the Ninth Circuit · 1999
11 more not listed; retrieve them via the Exa API.