Legal Opinion
Cohen v. Savings Building & Loan Co. (In re Bevill, Bresler & Schulman Asset Management Corp.)
Court of Appeals for the Third Circuit
Decided February 22, 1990No. 89-5422PublishedCited by 16 opinions
1Opinion of the Court
OPINION OF THE COURT
COWEN, Circuit Judge.
This appeal involves the application of the law of setoff to a series of securities repurchase agreements, or “repos,” between Savings Building & Loan Company (“Savings”) and Bevill, Bresler & Schulman Asset Management Corporation (“AMC”). After AMC filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code, its Trustee, Saul S. Cohen, commenced an action in district court to compel Savings to turnover the value of securities and interest payments AMC claimed it was owed under several repurchase agreements. As a defense to…
2Cases cited14 opinions
- Studley v. Boylston National BankSupreme Court of the United States · 1913
- Cumberland Glass Manufacturing Co. v. De Witt & Co.Supreme Court of the United States · 1915
- Libby v. HopkinsSupreme Court of the United States · 1881
- In the Matter of ENERGY COOPERATIVE, INC., a Delaware Corporation, Bankrupt-AppellantCourt of Appeals for the Seventh Circuit · 1987
- Bob Richards Chrysler-Plymouth Corporation, Inc. v. EnglandCourt of Appeals for the Ninth Circuit · 1973
9 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Kaiser Steel Corp. v. Charles Schwab & Co.Court of Appeals for the Tenth Circuit · 1990
- Kaiser Steel Corporation v. Charles Schwab & Co., Inc.Court of Appeals for the First Circuit · 1990
- Lawrence Wilson v. United StatesCourt of Appeals for the Second Circuit · 1992
- In The Matter Of Bevill, Bresler & Schulman Asset Management CorporationCourt of Appeals for the Third Circuit · 1990
- Sylvester v. Martin (In Re Martin)United States Bankruptcy Court, N.D. Illinois · 1991
11 more not listed; retrieve them via the Exa API.