Securities and Exchange Commission v. Liberty Baking Corporation
Court of Appeals for the Second Circuit
1Opinion of the Court
FRANK, Circuit Judge.
We take as our guide General Stores Corporation v. Shlensky, 350 U.S. 462, 76 S.Ct. 516, 519, where the Court affirmed this court’s decision which, in turn, affirmed a district court order granting a motion like that made by the S. E. C. in the instant case. The Supreme Court said, “It may well be that in most cases where the debtor’s securities are publicly held, c. X [11 U.S.C.A. § 501 et seq.] will afford the more appropriate remedy.” However, the Court said that the fact that the debtor is a “large” corporation with a considerable amount of publicly held securities…
2Cases cited9 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Northern Pacific Railway Co. v. BoydSupreme Court of the United States · 1913
- Consolidated Rock Products Co. v. Du BoisSupreme Court of the United States · 1941
- Taylor v. Standard Gas & Electric Co.Supreme Court of the United States · 1939
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3Cited by23 opinions
- Securities & Exchange Commission v. American Trailer Rentals Co.Supreme Court of the United States · 1965
- Gelatt v. DeDakisWisconsin Supreme Court · 1977
- Braddy v. RandolphCourt of Appeals for the Fourth Circuit · 1965
- Grayson-Robinson Stores, Inc., Debtor-Appellee v. Securities and Exchange CommissionCourt of Appeals for the Second Circuit · 1963
- Duberstein v. WernerDistrict Court, E.D. New York · 1966
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