Sutcliffe v. Cawley
Massachusetts Supreme Judicial Court
Bill in equity, filed in the Superior Court on August 8, 1919, originally against John W. Cawley, a stockbroker, and Metropolitan Trust Company, and, after the appointment by the District Court of the United States for the District of Massachusetts of receivers of the property of the defendant Cawley in involuntary proceedings against him, and again after the appointment of trustees in bankruptcy, amended respectively to include the receivers and the trustees as defendants.
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Bill in equity, filed in the Superior Court on August 8, 1919, originally against John W. Cawley, a stockbroker, and Metropolitan Trust Company, and, after the appointment by the District Court of the United States for the District of Massachusetts of receivers of the property of the defendant Cawley in involuntary proceedings against him, and again after the appointment of trustees in bankruptcy, amended respectively to include the receivers and the trustees as defendants. The prayers of the bill were to reach the proceeds in the possession of Metropolitan Trust Company of the sale of…
1Opinion of the CourtBraley, J.
The material facts are as follows: On October 28, 1918, the plaintiff, owner of five bonds each of the par value of $1,000 issued by the Dominion of Canada, deposited them “as margin upon a trading account” with the defendant Cawley, a stockbroker doing a brokerage business' “under the name of' F. G. Roberts & Company.” On July 22, 1919, Cawley made an assignment for the benefit of creditors, and, under involuntary ' proceedings begun on that day, he was adjudged a bankrupt on August 6, 1919, and the trustees of his estate, who also had acted as temporary receivers in bankruptcy until their…
2Cases cited23 opinions
- Bardes v. Hawarden BankSupreme Court of the United States · 1900
- Eyster v. GaffSupreme Court of the United States · 1876
- Louisville Trust Co. v. ComingorSupreme Court of the United States · 1902
- Richardson v. ShawSupreme Court of the United States · 1908
- Cook v. TullisSupreme Court of the United States · 1874
18 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Casto v. WrennMassachusetts Supreme Judicial Court · 1926
- Lavien v. NormanCourt of Appeals for the First Circuit · 1932
- Leonard v. HuntCourt of Appeals for the First Circuit · 1929
- Utica Mutual Insurance v. Liberty Mutual InsuranceMassachusetts Appeals Court · 1985
- Russo v. RussoMassachusetts Appeals Court · 1975
4 more not listed; retrieve them via the Exa API.