Legal Opinion

In Re: Lloyd Securities, Inc.

Court of Appeals for the Third Circuit

Decided February 6, 1996No. 95-1543UnknownCited by 1 opinion

1Opinion of the Court

OPINION OF THE COURT

NYGAARD, Circuit Judge.

The customers of a failed securities dealer, Lloyd Securities, Inc., and their attorneys sought fees from the res created by the dealer’s liquidation under the Securities Investor Protection Act (“SIPA”). The district court denied the motion for fees, and the customers and attorneys appeal. We will affirm.

I

The facts of this ease are well-stated in the opinions of the district and bankruptcy courts. See In re Lloyd Securities, Inc., 183 B.R. 386 (E.D.Pa.1995); In re Lloyd Securities, Inc., 163 B.R. 242 (Bankr.E.D.Pa.1994). We will assume the reader is…

2Cases cited9 opinions

  1. In Re Busy Beaver Building Centers, Inc. Kirkpatrick & LockhartCourt of Appeals for the Third Circuit · 1994
  2. Michael Q. Lebron Michael C. Lebron Anthony Lebron v. Mechem Financial Inc. W. James Scott, Jr. Robert G. Dwyer, Trustee, W. James Scott, Jr.Court of Appeals for the Third Circuit · 1994
  3. United States Trustee v. Price Waterhouse Sharon Steel Corporation Sharon Specialty Steel Inc. Monessen IncCourt of Appeals for the Third Circuit · 1994
  4. National Jewish Commission on Law v. Ran-Dav's County Kosher, Inc.Supreme Court of the United States · 1993
  5. National Union Fire Insurance v. CampSupreme Court of the United States · 1993

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3Cited by1 opinion

  1. In Re: Lloyd Securities, Inc., Debtor. Arthur Alperstein, Gloria Bentz, Glorianne Bentz, Herman Berkowitz, Lorraine Berkowitz, James Deamer, Empirical Enterprises, Inc., Kenneth Felzer, Ruth Hoffman, Lloyd Humphrey, Richard Katz, Linda Katz, Harriet Kirsch, John Kochersperger, Alice McCabe Joseph McGuckin Phyllis Newcomer, Timothy Nyland, James Nyland, Vernetta Nyland, Larry Rothstein, Faye Rothstein, Dwayne Simpson, Kathryn Simpson, Alan Smith, Estate of Russell Snyder, Michael Soroker, Barbara Soroker, and Bazelon & LessCourt of Appeals for the Third Circuit · 1996

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