Legal Opinion

In Re R & L Engineering Co.

District Court, S.D. California

Decided March 25, 1960No. 94066PublishedCited by 6 opinions

1Opinion of the Court

BYRNE, District Judge.

R & L Engineering Co. Inc. borrowed $6,700 from A. C. Ted Schwarz and as security for that indebtedness pledged to Schwarz 2% shares of the common stock of Slater Development Corporation. Thereafter Schwarz re-pledged these shares to Frank J. Levins, who is the petitioner on review herein, to secure a loan made by Levins to Schwarz for $3,-000. As re-pledgee Levins has retained physical possession of the stock. Both debts became due and in default. Subsequent to these events, on December 22, 1958, after an involuntary petition in bankruptcy was filed on December 5th, R &…

2Cases cited7 opinions

  1. In Re Hudson River Nav. CorporationCourt of Appeals for the Second Circuit · 1932
  2. Cleveland Clinic Foundation v. HumphrysSupreme Court of the United States · 1938
  3. Feder v. John Engelhorn & SonsCourt of Appeals for the Second Circuit · 1953
  4. Fiedler v. AllenCalifornia Court of Appeal · 1931
  5. Van Eman v. StanchfieldSupreme Court of Minnesota · 1868

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3Cited by6 opinions

  1. Chemical Bank v. Arthur Andersen & Co.Court of Appeals for the Second Circuit · 1984
  2. Consolidated Freightways, Inc. & Affiliates v. CommissionerUnited States Tax Court · 1980
  3. In re CopelandCourt of Appeals for the Third Circuit · 1976
  4. In the Matter of Lammot Dupont Copeland, Jr., Debtor (Two Cases). Appeal of Lammot Dupont Copeland, Jr. ('Debtor'), Debtor-In-Possession in the Above-Described Proceedings for an Arrangement (The Proceedings), and the Statutory Creditors' Committee in the Proceedings (The 'Creditors' Committee'). Appeal of Pension Benefit Fund, IncCourt of Appeals for the Third Circuit · 1976
  5. Fed. Sec. L. Rep. P 99,643 Chemical Bank v. Arthur Andersen & Co., Manufacturers Hanover Trust Company and First Pennsylvania Bank, N.A. v. Arthur Andersen & Co., Security Pacific National Bank v. Arthur Andersen & Co.Court of Appeals for the First Circuit · 1984

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