Legal Opinion
Securities & Exchange Commission v. Safety Finance Service, Inc.
Court of Appeals for the Fifth Circuit
Decided April 26, 1982No. 80-3954PublishedCited by 1 opinion
1Opinion of the Court
JERRE S. WILLIAMS, Circuit Judge:
This controversy emerges from a larger dispute between the Securities and Exchange Commission and Safety Finance Service, Inc. (SFSI). Appellant, the court-appointed receiver of SFSI (Receiver), contests the supervisory court’s decision awarding $10,110.88 from the liquidation of a receivership asset to appellee General Motors Acceptance Corp. (GMAC) in satisfaction of a chattel mortgage. Deferring to the broad discretionary powers inherent in a court of equity, we affirm the court’s order.
I. The Facts
As the district court notes, the underlying facts are not…
2Cases cited9 opinions
- Booth v. ClarkSupreme Court of the United States · 1855
- Atlantic Trust Co. v. ChapmanSupreme Court of the United States · 1908
- Boyd Black, Cross-Appellant v. Fidelity & Guaranty Insurance Underwriters, Inc., Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1978
- Clark v. ClarkSupreme Court of the United States · 1855
- Securities & Exchange Commission v. Lincoln Thrift Association, and Fred Thender, Depositors-AppellantsCourt of Appeals for the Ninth Circuit · 1978
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3Cited by1 opinion
- Securities & Exchange Commission v. Safety Finance Service, Inc., General Motors Acceptance Corporation v. Ben D. Sisson, Receiver for Safety Finance Service, Inc.Court of Appeals for the Fifth Circuit · 1982