Legal Opinion
Morgan Guaranty Trust Co. v. American Savings & Loan Ass'n
District Court, C.D. California
Decided March 26, 1985No. CV-83-6925-AHSPublishedCited by 3 opinions
1Opinion of the Court
OPINION AND ORDER GRANTING SUMMARY JUDGMENT
STOTLER, District Judge.
SUMMARY
This action involves two bearer notes issued by plaintiff Morgan Guaranty Trust Company of New York (hereinafter, Morgan), each in the sum of $5,000,000 and evidencing an indebtedness of the Manville Corporation (hereinafter, Manville). The notes were purchased by defendant American Savings and Loan Association (hereinafter, American) when the maturity date was less than two months away. Before maturity, however, Manville filed a petition for bankruptcy which invoked the stay provisions of the Bankruptcy Act. On the…
2Cases cited13 opinions
- Aydin Corporation, a Delaware Corporation v. Loral Corporation, a New York Corporation, and Conic Corporation, a Delaware CorporationCourt of Appeals for the Ninth Circuit · 1983
- Marine Midland Bank v. John E. Russo Produce Co.New York Court of Appeals · 1980
- AMF Inc. v. Algo Distributors, Ltd.Appellate Division of the Supreme Court of the State of New York · 1975
- Gulf Oil Corporation v. Lone Star Producing CompanyCourt of Appeals for the Fifth Circuit · 1963
- Bank Leumi Trust Co. v. Bally's Park Place, Inc.District Court, S.D. New York · 1981
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3Cited by3 opinions
- Morgan Guaranty Trust Company Of New York v. American Savings And Loan AssociationCourt of Appeals for the Third Circuit · 1986
- Morgan Guaranty Trust Co. v. American Savings & Loan Ass'nCourt of Appeals for the Ninth Circuit · 1986
- Lockhart Savings & Loan Ass'n v. RepublicBank AustinCourt of Appeals of Texas · 1986