Legal Opinion
Aldrich v. Redington
Court of Appeals for the Second Circuit
Decided June 12, 1978No. Nos. 36, 37, 39, 40, 41 and 42, Dockets 77-6034, 77-6038, 77-6044, 77-6045, 77-6048 and 77-6065PublishedCited by 2 opinions
1Opinion of the Court
TIMBERS, Circuit Judge:
The chief question presented on this appeal is whether the claims of certain subordinated lenders to a broker-dealer now in liquidation should be enforced in accordance with the subordination agreements to which the lenders were parties, regardless of whether customers of the broker-dealer could show reliance on the subordination agreements. We hold that such subordination agreements must be enforced in accordance with their terms.
The appeal is from a judgment entered January 20,1977 in the Southern District of New York, Inzer B. Wyatt, District Judge, 425 F.Supp. 212,…
2Cases cited12 opinions
- Fed. Sec. L. Rep. P 94,437 Hetty Fey v. Walston & Co., Inc., and Robert A. SpiraCourt of Appeals for the Seventh Circuit · 1974
- United States v. Embassy Restaurant, Inc.Supreme Court of the United States · 1959
- Scott v. DeweeseSupreme Court of the United States · 1901
- Oppenheimer v. Harriman National Bank & Trust Co.Supreme Court of the United States · 1937
- Royal Air Properties, Inc., a Corporation, Harold L. Heathman and Madge I. Heathman, His Wife v. R. Philip SmithCourt of Appeals for the Ninth Circuit · 1964
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3Cited by2 opinions
- Weis Securities, Inc. v. RedingtonCourt of Appeals for the Second Circuit · 1978
- Briggs v. Goodyear Tire & Rubber Co.District Court, W.D. New York · 1999