Legal Opinion
Sirota v. Econo-Car International, Inc.
Court of Appeals for the Second Circuit
Decided June 6, 1977No. 1106, Docket 76-7492PublishedCited by 4 opinions
1Opinion of the Court
IRVING R. KAUFMAN, Chief Judge:
In this case, the respective rights of rival claimants to participate in a fund created by settlement of a securities class action depends upon who owned certain securities on a specific day, November 2, 1971. A careful analysis of the complex dealings *678between the parties has convinced us that the appellees, Spingarn & Co. and Satnick-Japha, Inc., were, on that day, the beneficial owners of the Westinghouse Electric Interim Certificates at issue here. Accordingly, we affirm the order of the district court, upholding the appellees’ claim to share in the fund.
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2Cases cited4 opinions
- Broderick v. Alexander (Kahn)New York Court of Appeals · 1935
- Putnam v. Otsego Mutual Fire InsuranceAppellate Division of the Supreme Court of the State of New York · 1974
- Gaffey v. St. Paul Fire & Marine InsuranceNew York Court of Appeals · 1917
- Tangorra v. Hagan Investing Corp.Appellate Division of the Supreme Court of the State of New York · 1971
3Cited by4 opinions
- United States v. Thomas White (91-4009) and Daniel Geiger (91-4039)Court of Appeals for the Sixth Circuit · 1993
- Matthysse v. Securities Processing Services, Inc.District Court, S.D. New York · 1977
- Ferd Schneider v. Dumbarton Developers, Inc., a D.C. Corporation, D/B/A Clermont Partnership, Clermont Tenants Association, Inc., a D.C. Non-Profit Corp., D/B/A Clermont Partnership, Ferd Schneider v. Dumbarton Developers, Inc., a D.C. Corporation, D/B/A Clermont Partnership, 2106 F Street Associates, Ferd Schneider v. Dumbarton Developers, Inc., a D.C. Corporation, D/B/A Clermont Partnership and Clermont Corporation, a D.C. Corporation, Clermont Tenants Association, Inc., a D.C. Non-Profit Corp., D/B/A Clermont Partnership Ferd Schneider v. Dumbarton Developers, Inc., a D.C. Corporation, D/B/A Clermont PartnershipCourt of Appeals for the D.C. Circuit · 1985
- Dr. David Sirota, Frances Naison, Ida Sirota and John P. Lycette, Jr. v. Econo-Car International, Inc., Westinghouse Electric Corporation, James W. Crowley, Berrien H. Becks, and Berrien H. Becks, William Frank O'rourke, and Florida Bank and Trust Company at Daytona Beach, as Executors of the Estate of Guy B. Odum, James W. Crowley and Berrien H. Becks, Third-Party v. Powell, Goldstein, Frazer & Murphy, a Partnership, Third-Party Abraham & Co., Inc., Claimant-Appellant v. Spingarn & Co., Inc. And Satnick-Japha, Inc., Claimants-AppelleesCourt of Appeals for the Second Circuit · 1977