Legal Opinion
Bank of United States v. Cooper-Bessemer Corp.
City of New York Municipal Court
Decided December 27, 1932PublishedCited by 2 opinions
1Opinion of the Court
Lewis, David C., J.
On July 29,1929, Eugene E. Cerf was the owner of 600 shares of Cooper-Bessemer cumulative preferred stock, purchased by him in the open market. On that day Cerf sold the said shares to Walter P. McCaffrey & Co., and thereupon intrusted them to a messenger to make delivery in the usual manner followed in the street.
In the course of delivery these stocks were purloined from the custody of the messenger. Reports of the theft were made by Mr. Cerf to the police department, and the crime was broadcast over the ticker tape of the New York Curb.
It is not disputed that Mr. Cerf…
2Cases cited17 opinions
- Murray v. LardnerSupreme Court of the United States · 1865
- Canajoharie National Bank v. DiefendorfNew York Court of Appeals · 1890
- Cheever v. Pittsburgh, Shenango & Lake Erie RailroadNew York Court of Appeals · 1896
- Title Guarantee Trust Co. v. . Pam.New York Court of Appeals · 1922
- Second National Bank v. WestonNew York Court of Appeals · 1902
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3Cited by2 opinions
- In the Matter of Earl L. Carter, D/B/A Highland Farms, Bankrupt. Wells Fargo Bank v. Earl L. Carter, D/B/A Highland Farms, Debtor-AppelleeCourt of Appeals for the Ninth Circuit · 1975
- Hodes v. HodesOregon Supreme Court · 1945