Hill v. Spencer Savings & Loan Ass'n (In Re Bevill, Bresler & Schulman, Inc.)

How courts have described this case

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

• stating that ”[e]xtraterritorial application of SIPA is also consistent with the extraterritorial application of other federal securities laws,” including section 10(b)
• SIPA liquidation akin to proceeding under chapters 1, 3, 5 and subchapters I and II of chapter 7 of the Code
• “Thus, as with determination of the ‘filing date,’ I must choose the proper date with reference to the overall purposes of SIPA.”
• “When distributing securities to customers in satisfaction of net equity claims, ‘all securities shall be valued as of the close of business on the filing date.’”
• “By use of a uniform filing date, SIPA is designed to insulate the calculation of net equity claims and distributions made on the basis thereof from market fluctuation.”
• “By use of a uniform filing date, SIPA is designed to insulate the calculation of net equity claims and distributions made on the basis thereof from market fluctuation.”

Source: CourtListener parenthetical corpus (CC0).