Legal Opinion
Pearl-Wick Corp. v. John Hancock Mutual Life Insurance (In Re Pearl-Wick Corp.)
United States Bankruptcy Court, S.D. New York
Decided October 30, 1981No. 19-35114PublishedCited by 17 opinions
1Opinion of the Court
DECISION ON MOTION AND CROSS MOTION FOR SUMMARY JUDGMENT
BURTON R. LIFLAND, Bankruptcy Judge.
At issue is the disposition of death benefit proceeds of a life insurance policy. Rivals for entitlement are the debtor and the prior owners of the debtor’s corporate parent. The essential and controlling facts are not in dispute. Resolution of the contest requires an analysis of a certain clause in a stock purchase and sale agreement to determine whether the clause operated as a present assignment of the policy maintained by Pearl-Wick Corporation (“Pearl-Wick” or “debtor”).
I. Background and Facts
The…
2Cases cited15 opinions
- Lehigh Valley Industries, Inc., and Lehigh Colonial Corporation, Vsv. Norman Birenbaum, and David BirenbaumCourt of Appeals for the Second Circuit · 1975
- Whiteford Plastics Co., Inc. v. Chase National Bank of New York CityCourt of Appeals for the Second Circuit · 1950
- Jerome J. Berger v. Columbia Broadcasting System, Inc., a New York CorporationCourt of Appeals for the Fifth Circuit · 1972
- Musman v. Modern Deb, Inc.Appellate Division of the Supreme Court of the State of New York · 1975
- Lehigh Valley Industries, Inc. v. BirenbaumDistrict Court, S.D. New York · 1975
10 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- MacArthur Co. v. Johns-Manville Corp.Court of Appeals for the Second Circuit · 1988
- Johns-Manville Corp. v. Asbestos Litigation Group (In Re Johns-Manville Corp.)District Court, S.D. New York · 1984
- In re DavisCourt of Appeals for the Fifth Circuit · 1984
- Johns-Manville Corp. v. Asbestos Litigation Group (In Re Johns-Manville Corp.)United States Bankruptcy Court, S.D. New York · 1983
- In Re MacARTHUR COMPANYCourt of Appeals for the Second Circuit · 1988
12 more not listed; retrieve them via the Exa API.