Legal Opinion

Dyer v. First National Bank

Court of Appeals for the Fifth Circuit

Decided October 17, 1974No. 73-1063PublishedCited by 1 opinion

1Opinion of the Court

JOHN R. BROWN, Chief Judge:

As with the companion case,1 2we deal with race track problems of Seminole Downs, this time a controversy spanning two reorganizations and being between the Trustee in the 1971 reorganization proceeding and creditors of the earlier 1964 Chapter X proceeding.

The specific question is whether the District Court, reversing the recommended order of the Referee in Bankruptcy sitting as a special master, had appropriate power under Chapter X to effectuate a secured interest in favor of the 1964 Certificate Holders in the Florida racing permit as called for by the 1964 plan…

2Cases cited2 opinions

  1. In the Matter of Atlas Sewing Centers, Inc., Debtor. Jones Financial Corporation v. Irwin Ray, as Trustee in Bankruptcy for Atlas Sewing Centers, Inc., the Chase Manhattan Bank v. Irwin Ray, as Trustee for Atlas Sewing Centers, Etc., United States of America v. Irwin Ray, Irwin Ray, Trustee in Reorganization of Atlas Sewing Centers, Inc. v. Jones Financial Corporation, J. Charles Burden, Jr. v. Irwin Ray, Trustee in Reorganization of Atlas Sewing Centers, Inc.Court of Appeals for the Fifth Circuit · 1967
  2. Westinghouse Electric Corp. v. DyerCourt of Appeals for the Fifth Circuit · 1974

3Cited by1 opinion

  1. In The Matter Of Seminole Park And Fairgrounds, Inc.Court of Appeals for the First Circuit · 1974

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