Legal Opinion

United States Fidelity & Guaranty Co. v. E. W. Smith Co.

New York Court of Appeals

Decided February 22, 1979PublishedCited by 40 opinions

1Opinion of the Court

OPINION OF THE COURT

Wachtler, J.

In October, 1968, 20 stock certificates, representing 2,000 shares of Standard Oil of Indiana, were stolen from the New York offices of W. E. Hutton and Company, a New York brokerage firm. Later that month, defendant E. W. Smith Company, a Pennsylvania corporation not then registered to do business in New York, allegedly obtained those certificates through a Philadelphia bank and sold them, on behalf of one of Smith’s customers, to two Philadelphia brokerage houses.

In 1970, the plaintiff in this case, United States Fidelity and Guaranty Company (a Maryland…

2Cases cited5 opinions

  1. National Surety Co. v. RuffinNew York Court of Appeals · 1926
  2. Meyers v. Credit LyonnaisNew York Court of Appeals · 1932
  3. Cellura v. CelluraAppellate Division of the Supreme Court of the State of New York · 1965
  4. Korn v. MerrillDistrict Court, S.D. New York · 1975
  5. United States Fidelity & Guaranty Co. v. Coca-Cola Co.Appellate Division of the Supreme Court of the State of New York · 1976

3Cited by40 opinions

  1. In Re "Agent Orange" Product Liability LitigationDistrict Court, E.D. New York · 1984
  2. Antone v. General Motors Corp.New York Court of Appeals · 1984
  3. Schindler v. Issler & Schrage, P. C.Appellate Division of the Supreme Court of the State of New York · 1999
  4. Humbach v. GoldsteinAppellate Division of the Supreme Court of the State of New York · 1997
  5. Maiden v. BiehlDistrict Court, S.D. New York · 1984

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