Legal Opinion
Palmer v. Justice
District Court, N.D. Texas
Decided February 24, 1971No. Civ. A. No. 3-3381-CPublishedCited by 3 opinions
1Opinion of the Court
MEMOEANDUM OPINION
WILLIAM M. TAYLOE, Jr., District Judge.
This is an action by a trustee in bankruptcy under § 70e of the Bankruptcy Act (11 U.S.C. § 110(e)) to recover property of the bankrupt estate transferred to the defendants. The undisputed facts are as follows. On December 20, 1963, the Maxwell Electronics Corporation (the bankrupt) agreed to repurchase 8,500 of its capital shares from the defendants, James A. Justice, Glenn W. Justice, and E. L. Lane. On that day the corporation issued the defendants a non-interest bearing, unsecured promissory note in the amount of $24,000.00 as…
2Cases cited7 opinions
- Lyons-Thomas Hardware Co. v. Perry Stove Manufacturing Co.Texas Supreme Court · 1893
- Robinson v. WangemannCourt of Appeals for the Fifth Circuit · 1935
- Beverly McConnell v. Estate of W. H. Butler, Oscar Strobel, Trustee of the Estate of E. W. Reynolds Company v. Estate of W. H. ButlerCourt of Appeals for the Ninth Circuit · 1968
- In Re Peoples Loan & Investment CompanyDistrict Court, W.D. Arkansas · 1970
- Wortham v. Lachman-Rose Co.Court of Appeals of Texas · 1969
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3Cited by3 opinions
- Mancuso v. Champion (In Re Dondi Financial Corp.)United States Bankruptcy Court, N.D. Texas · 1990
- Williams v. NevelowTexas Supreme Court · 1974
- Philip I. Palmer, Jr., as Trustee in Bankruptcy of Maxwell Electronics Corporation, D/B/A Kmec-Tv, Bankrupt v. James A. JusticeCourt of Appeals for the Fifth Circuit · 1971