Legal Opinion
In Re Prudence Co.
Court of Appeals for the Second Circuit
Decided July 18, 1938No. 402PublishedCited by 42 opinions
1Opinion of the Court
SWAN, Circuit Judge.
This is an appeal from an order approving a compromise for $400,000 in cash of claims of the United States for income taxes for the years 1923 to 1936, inclusive, against the debtor in reorganization, and its subsidiaries. The amount of the tax claims, with interest to May 15, 1937, in round figures is $1,110,000. The debtor’s trustees were authorized to employ special tax counsel, who made an intensive study of the claims. Their negotiations with tax officials of the government resulted in an offer to compromise the claims for $475,-000, and they recommended to the…
2Cases cited9 opinions
- In Re Riggi Bros. Co.Court of Appeals for the Second Circuit · 1930
- Petition of StuartCourt of Appeals for the Sixth Circuit · 1921
- Pullman Couch Co. v. EshelmanCourt of Appeals for the Fourth Circuit · 1924
- In Re Westover, Inc.Court of Appeals for the Second Circuit · 1936
- Bonded Mortgage Co. v. Commissioner of Int. Rev.Court of Appeals for the Fourth Circuit · 1934
4 more not listed; retrieve them via the Exa API.
3Cited by42 opinions
- Fed. Sec. L. Rep. P 93,547 Arthur Newman v. Howard M. Stein, and Morrie Benson and Rose Lerman, Objectants-AppellantsCourt of Appeals for the Second Circuit · 1972
- 12 Collier bankr.cas.2d 899, Bankr. L. Rep. P 70,345 in Re Teltronics Services, Inc., Debtor. Anaconda-Ericsson Inc., as Successor by Merger to Lm Ericsson Telecommunications, Inc. v. Jules J. Hessen, as Trustee in Bankruptcy of Teltronics Services, Inc., Michael M. Rand and Gregory T. Frese, Teltronics Services, Inc., and Edward M. Beagan v. Anaconda-Ericsson Inc., Lm Ericsson Telephone Company, and Ericsson Telecomm, Inc.Court of Appeals for the Second Circuit · 1985
- West Virginia v. Chas. Pfizer & Co.Court of Appeals for the Second Circuit · 1971
- Fed. Sec. L. Rep. P 93,062 C. Robert Young, National Bankers Life Insurance Co. v. Lawrence G. Katz, Movants-AppellantsCourt of Appeals for the Fifth Circuit · 1971
- Jackson Brewing Company v. HerpelCourt of Appeals for the Fifth Circuit · 1980
37 more not listed; retrieve them via the Exa API.