Colonial Trust Co. v. Wallace
U.S. Circuit Court for the District of Southern New York
In Equity. Suit by Colonial Trust Company against James N. Wallace and others. On motion for a preliminary injunction.
1Opinion of the Court
NOYES, Circuit Judge.
The plaintiff, with other holders of the bonds of the Wabash Pittsburg Terminal Railway Company, deposited its bonds with the defendants as a bondholders’ committee under an agreement apparently looking toward the preparation by such committee of a plan of reorganization. The defendants, however, did not agree to prepare a plan of reorganization and assumed] no obligation whatsoever to the plaintiff, except, under certain conditions, to return its deposited bonds. The defendants also expressly reserved the right to terminate the agreement at their pleasure. The plaintiff…
2Cases cited1 opinion
- Industrial General Trust, Ltd. v. . TodNew York Court of Appeals · 1905
3Cited by4 opinions
- President and Directors of Manhattan Co. v. KelbyCourt of Appeals for the Second Circuit · 1945
- Habirshaw Electric Cable Co. v. Habirshaw Electric Cable Co.Court of Appeals for the Second Circuit · 1924
- Royal Grocery Co. v. OliverCalifornia Court of Appeal · 1922
- Ginty v. Ocean Shore Railroad Co.California Supreme Court · 1916