Legal Opinion

In Re Lloyd Securities, Inc.

United States Bankruptcy Court, E.D. Pennsylvania

Decided January 21, 1994No. 16-11318PublishedCited by 10 opinions

1Opinion of the Court

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

A INTRODUCTION

The matter before this court raises issues of first impression as to whether compensation for attorney fees and costs incurred by certain of the alleged former customers (“the Customers”) of a brokerage firm liquidated under the Securities Investor Protection Act, 15 U.S.C. §§ 78aaa, et seq. (“SIPA”), are recoverable and, to the extent such compensation is allowed, the extent to which the provisions of the Bankruptcy Code regarding compensation of non-appointed professional persons are relevant thereto.

We conclude that the Customers and…

2Cases cited45 opinions

  1. Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
  2. Alyeska Pipeline Service Co. v. Wilderness SocietySupreme Court of the United States · 1975
  3. Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
  4. Trustees v. GreenoughSupreme Court of the United States · 1882
  5. Boeing Co. v. Van GemertSupreme Court of the United States · 1980

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3Cited by10 opinions

  1. In Re: Lloyd Securities, Inc., Debtor. Arthur Alperstein, Gloria Bentz, Glorianne Bentz, Herman Berkowitz, Lorraine Berkowitz, James Deamer, Empirical Enterprises, Inc., Kenneth Felzer, Ruth Hoffman, Lloyd Humphrey, Richard Katz, Linda Katz, Harriet Kirsch, John Kochersperger, Alice McCabe Joseph McGuckin Phyllis Newcomer, Timothy Nyland, James Nyland, Vernetta Nyland, Larry Rothstein, Faye Rothstein, Dwayne Simpson, Kathryn Simpson, Alan Smith, Estate of Russell Snyder, Michael Soroker, Barbara Soroker, and Bazelon & LessCourt of Appeals for the Third Circuit · 1996
  2. MB Ltd. Partnership v. Nutri/System, Inc. (In Re Nutri/System, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 1994
  3. In re New Times Securities Services, Inc.Court of Appeals for the Second Circuit · 2004
  4. In Re Lloyd Securities, Inc.District Court, E.D. Pennsylvania · 1995
  5. In Re: Lloyd Securities, Inc.Court of Appeals for the Third Circuit · 1996

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