Legal Opinion
Stock Clearing Corp. v. Weis Securities, Inc.
Court of Appeals for the Second Circuit
Decided September 15, 1976No. 928, Docket 75-7648PublishedCited by 4 opinions
1Opinion of the Court
HAYS, Circuit Judge:
Plaintiff-appellant, Stock Clearing Corporation Inc. (“SCC”), appeals from an order of the district court which affirmed an order of the Bankruptcy Court dismissing SCC’s complaint. By its complaint SCC sought reclamation of securities delivered to the bankrupt, Weis Securities, Inc. (“Weis ), by SCC for which SCC has not received payment.1
SCC, a New York corporation and wholly-owned subsidiary of the New York Stock Exchange (“NYSE”), is a clearing corporation which provides a central facility for the clearing and settling of security transactions among its members. Weis…
2Cases cited7 opinions
- National City Bank of NY v. HotchkissSupreme Court of the United States · 1913
- Engstrom v. WileyCourt of Appeals for the Ninth Circuit · 1951
- Pan-American Petroleum Transp. Co. v. Robins Dry Dock & Repair Co.Court of Appeals for the Second Circuit · 1922
- In re PerpallCourt of Appeals for the Second Circuit · 1921
- In re PerpallCourt of Appeals for the Second Circuit · 1919
2 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Matthysse v. Securities Processing Services, Inc.District Court, S.D. New York · 1977
- McColley v. Matmon Gem Co. (In Re Candor Diamond Corp.)United States Bankruptcy Court, S.D. New York · 1984
- Still v. City Bank & Trust Co. (In re D G & Associates, Inc.)United States Bankruptcy Court, E.D. Tennessee · 1981
- In The Matter Of Weis Securities, Inc.Court of Appeals for the Second Circuit · 1976