Fed. Sec. L. Rep. P 95,841 Aubrey B. Lank, as Receiver of Pickard & Company, Incorporated v. The New York Stock Exchange

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that “a receiver could sue a transferee to recover a fraudulent transfer made by the corporation, even though the corporation itself could not”
• rejecting a receiver’s claim under Section 6 of the Exchange Act where the claim did not belong to an entity for which the receiver was appointed, even though the recovery might “benefit public investors”
• discussion of scope of private action for failure of NYSE to enforce its rules
• requirements for stating a claim for relief under § 6 of the Exchange Act, 15 U.S.C. § 78f, differ from those for standing to sue under that section

Source: CourtListener parenthetical corpus (CC0).