Legal Opinion
Marquis v. Chrysler Corp.
Court of Appeals for the Ninth Circuit
Decided June 29, 1978No. 75-2815, 75-2881 and 75-3499PublishedCited by 117 opinions
1Opinion of the Court
GOODWIN, Circuit Judge:
The Securities and Exchange Commission sued Walter Wencke, his wife, certain associates, and a number of corporations and charitable trusts which he and his associates controlled, alleging that he was looting the assets of publicly owned companies in violation of the Securities Act of 1933 and the Securities Exchange Act of 1934.
A year before the SEC complaint, Wencke petitioned a Nevada court for a receivership of Sun Fruit, Ltd., one of his publicly owned companies. The state court obliged. Because Nevada does not require a disinterested receiver, Wencke became the…
2Cases cited4 opinions
- Vendo Co. v. Lektro-Vend Corp.Supreme Court of the United States · 1977
- Leiter Minerals, Inc. v. United StatesSupreme Court of the United States · 1957
- National Labor Relations Board v. Nash-Finch Co.Supreme Court of the United States · 1971
- Alexander Tcherepnin v. Dennis KirbyCourt of Appeals for the Seventh Circuit · 1969
3Cited by117 opinions
- William Inglis & Sons Baking Co. v. Itt Continental Baking Company, Inc., William Inglis & Sons Baking Co. v. Itt Continental Baking Company, Inc.Court of Appeals for the Ninth Circuit · 1982
- Transgo, Inc. v. Ajac Transmission Parts Corp.Court of Appeals for the Ninth Circuit · 1985
- California Computer Products, Inc. And Century Data Systems, Inc., Plaintiffs v. International Business MacHines CorporationCourt of Appeals for the Ninth Circuit · 1979
- Barry G. Lew, M.D. v. Kona HospitalCourt of Appeals for the Ninth Circuit · 1985
- K.M.C. Co., Inc. v. Irving Trust CompanyCourt of Appeals for the Sixth Circuit · 1985
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