Legal Opinion
Cohen v. Army Moral Support Fund
District Court, D. New Jersey
Decided October 23, 1986No. Civ. A. Nos. 85-1728, 85-2224; Adv. Nos. 85-2103, 85-5274PublishedCited by 8 opinions
1Opinion of the Court
TABLE OF CONTENTS
I. INTRODUCTION
II. PROCEDURAL BACKGROUND
III. FACTUAL BACKGROUND
A. The Debtors
B. Repos and the Repo Market
C. The Test Cases
1. Overview
2. The AMC Test Case Transactions
a. GNMA Pool #69692
b. GNMA Pool #61337
c. U.S. Treasury Notes, 11.126%
d. GNMA Pool #40566
e. GNMA Pool #57318
3. The BBS, Inc. Test Case Transactions
a. GNMA Pool #47448
*561b. GNMA Pool #63571
c. PHLB, Cusip #31388MX5
d. U.S. Treasury Bills, Cusip #912794HQ0
IV. ISSUES
V. DISCUSSION
A. Legal Characterization of Repo and Reverse Repo Transactions
1. Contentions of the Parties
2. Applicable Law
3. Express Terms of Repo and Reverse…
2Cases cited58 opinions
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Butner v. United StatesSupreme Court of the United States · 1979
- National Labor Relations Board v. Bildisco & BildiscoSupreme Court of the United States · 1984
- Rubin v. United StatesSupreme Court of the United States · 1981
- Hartford Accident & Indemnity Co. v. WesolowskiNew York Court of Appeals · 1973
53 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Matter of Bevill, Bresler & Schulman AssetDistrict Court, D. New Jersey · 1986
- In Re Keene Corp.United States Bankruptcy Court, S.D. New York · 1995
- Carval Investors UK Ltd. v. Giddens ex rel. SIPA Liquidation of Lehman Bros. (In re Lehman Bros.)District Court, S.D. New York · 2014
- In re Lehman Bros.United States Bankruptcy Court, S.D. New York · 2013
- CarVal UK Ltd. v. Giddens ex rel. SIPA Liquidation of Lehman Bros.Court of Appeals for the Second Circuit · 2015
3 more not listed; retrieve them via the Exa API.