Legal Opinion
Official Cattle Contract Holders Committee v. Commons
Court of Appeals for the Ninth Circuit
Decided May 2, 1977No. 75-3511PublishedCited by 2 opinions
1Per curiam
The contest in this bankruptcy appeal is between two theories for measuring recovery for defrauded investors: out-of-pocket loss, or benefit of the bargain.
This Ponzi investment scheme created different classes of losers: investor creditors and commercial, or supplier, creditors. The claims of the commercial or supplier creditors are not before us on this interlocutory appeal, but the existence of these claims and equitable considerations arising out of the varieties of claims complicate the case.
The claims of the investor creditors fall into three general groupings: those who were in, and…
2Cases cited5 opinions
- Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
- Abrams v. EbyCourt of Appeals for the Fourth Circuit · 1923
- In Re Oscar Nebel Co.Court of Appeals for the Third Circuit · 1941
- In re Riverview Products, Inc.District Court, W.D. New York · 1940
- In re Riverview Products, Inc.District Court, W.D. New York · 1940
3Cited by2 opinions
- In Re Tedlock Cattle Company, Inc.Court of Appeals for the Ninth Circuit · 1977
- Securities & Exchange Commission v. American Capital Investments, Inc.Court of Appeals for the Ninth Circuit · 1996