Legal Opinion

Deborah Tanzer v. Robert H. Huffines, Jr., Edward Krock, Victor Muscat, Defiance Industries, Inc., and B. S. F. Company. B. S. F. Company

Court of Appeals for the Third Circuit

Decided March 18, 1969No. 17505PublishedCited by 46 opinions

1Opinion of the Court

OPINION OF THE COURT

2Per curiam

This is an appeal from the appointment of a receiver pendente lite in a stockholder’s derivative action wherein the plaintiff alleges inter alia that the individual defendants, Robert Huffines, Victor Muscat and Edward Krock, by virtue of their control of Defiance Industries, Inc., which in turn controlled B.S.F. Company, infiltrated and were able to make themselves officers and directors of certain of B.S.F.’s portfolio companies; that the individual defendants improperly withdrew salaries, obtained bonuses and stock options from those portfolio companies; and that they…

3Cases cited9 opinions

  1. Securities & Exchange Commission v. Chenery Corp.Supreme Court of the United States · 1943
  2. Burnrite Coal Briquette Co. v. RiggsSupreme Court of the United States · 1927
  3. Securities and Exchange Commission v. The Keller Corporation, Mid-Continent Securities Corp., Earl Bullock, F. Ray BessCourt of Appeals for the Seventh Circuit · 1963
  4. Lum Wan v. P. A. Esperdy, District Director of the Immigration and Naturalization Service, New York DistrictCourt of Appeals for the Second Circuit · 1963
  5. Norte & Company v. HuffinesDistrict Court, S.D. New York · 1968

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4Cited by46 opinions

  1. Securities & Exchange Commission v. LawbaughDistrict Court, D. Maryland · 2005
  2. Horace Case v. Arthur E. MorrisetteCourt of Appeals for the D.C. Circuit · 1973
  3. Netsphere, Inc. v. BaronCourt of Appeals for the Fifth Circuit · 2012
  4. Fed. Sec. L. Rep. P 93,667 Securities and Exchange Commission v. Advance Growth Capital CorporationCourt of Appeals for the Seventh Circuit · 1972
  5. In the Matter of Guy E. McGaughey Jr., Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1994

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