Legal Opinion

Anaconda-Ericsson, Inc. v. Hessen (In Re Teltronics Services, Inc.)

United States Bankruptcy Court, E.D. New York

Decided April 5, 1983No. 8-19-70922PublishedCited by 85 opinions

1Opinion of the Court

DECISION

C. ALBERT PARENTE, Bankruptcy Judge.

Plaintiff Anaconda-Ericsson, Inc. commenced an adversary proceeding against the bankrupt, Teltronics Services, Inc., seeking inter alia a declaration of its rights in certain assets of the bankrupt, and relief from the stay of enforcement of those rights. The trustee interposed various affirmative defenses and a counterclaim for equitable subordination.

In essence, the trustee contends that the plaintiff fraudulently induced Teltronics to default under a certain loan agreement, thereby enabling plaintiff to seize its collateral and take over the…

2Cases cited43 opinions

  1. Pepper v. LittonSupreme Court of the United States · 1939
  2. Local Loan Co. v. HuntSupreme Court of the United States · 1934
  3. In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977
  4. Securities & Exchange Commission v. United States Realty & Improvement Co.Supreme Court of the United States · 1940
  5. Fed. Sec. L. Rep. P 98,755, Fed. Sec. L. Rep. P 99,074 William B. Weinberger v. James C. Kendrick, Charles M. CoyneCourt of Appeals for the Second Circuit · 1983

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3Cited by85 opinions

  1. 12 Collier bankr.cas.2d 899, Bankr. L. Rep. P 70,345 in Re Teltronics Services, Inc., Debtor. Anaconda-Ericsson Inc., as Successor by Merger to Lm Ericsson Telecommunications, Inc. v. Jules J. Hessen, as Trustee in Bankruptcy of Teltronics Services, Inc., Michael M. Rand and Gregory T. Frese, Teltronics Services, Inc., and Edward M. Beagan v. Anaconda-Ericsson Inc., Lm Ericsson Telephone Company, and Ericsson Telecomm, Inc.Court of Appeals for the Second Circuit · 1985
  2. In Re Norman Docteroff, Debtor, Bert L. Wolstein Lady Iris Corporation v. Norman DocteroffCourt of Appeals for the Third Circuit · 1997
  3. 20 Collier bankr.cas.2d 19, Bankr. L. Rep. P 72,385, 7 Ucc rep.serv.2d 656 in Re Bellanca Aircraft Corporation, Debtor (Three Cases). Edward W. Bergquist, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation v. Anderson-Greenwood Aviation Corp., a Texas Corporation Anderson Greenwood & Co., a Texas Corporation, (Two Cases). Edward W. Bergquist, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation v. Anderson-Greenwood Aviation Corp., a Texas Corporation Anderson Greenwood & Co., a Texas CorporationCourt of Appeals for the Eighth Circuit · 1988
  4. Henry v. Lehman Commercial Paper, Inc. (In Re First Alliance Mortgage Co.)Court of Appeals for the First Circuit · 2006
  5. Henry v. Lehman Commercial Paper, Inc.Court of Appeals for the Ninth Circuit · 2006

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