Legal Opinion

Ingenito v. Bermec Corporation

District Court, S.D. New York

Decided May 8, 1974No. 70 Civ. 4077, 70 Civ. 5306 and 70 Civ. 5644PublishedCited by 81 opinions

1Opinion of the Court

MEMORANDUM

LASKER, District Judge.

These three actions arise out of the activities of Defendant Black Watch Farms, Inc. (“Black Watch”) which was between 1963 and 1970 in the0 business of selling Aberdeen Angus breeding cattle and maintaining the animals for the accounts of the purchasers. The purchasers were primarily well-to-do professional and business people who seem to have bought the cattle not out of any particular yearning for the wild west, but as tax shelters. The hoped-for advantages never materialized since Black Watch ran into financial difficulties and allegedly defaulted on its…

2Cases cited79 opinions

  1. United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
  2. Skidmore v. Swift & Co.Supreme Court of the United States · 1944
  3. Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
  4. Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
  5. Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971

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3Cited by81 opinions

  1. Fed. Sec. L. Rep. P 97,451 Jerry Krim, on Behalf of Himself and All Others Similarly Situated v. Banctexas Group, Inc., Banctexas Group, Inc.Court of Appeals for the Fifth Circuit · 1993
  2. Fed. Sec. L. Rep. P 95,494 Great Western Bank & Trust v. Sol KotzCourt of Appeals for the Ninth Circuit · 1976
  3. Fed. Sec. L. Rep. P 95,889 Robert Abrahamson and Marjorie Abrahamson v. Malcolm K. FleschnerCourt of Appeals for the Second Circuit · 1978
  4. Fed. Sec. L. Rep. P 96,500 David L. Goodman v. Sidney EpsteinCourt of Appeals for the Seventh Circuit · 1978
  5. Fed. Sec. L. Rep. P 94,737 Juanita McClure v. The First National Bank of Lubbock, Texas, Defendants-Appellees,gaines County DevelopmentsCourt of Appeals for the First Circuit · 1974

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