In re Pittsburg Dick Creek Mining Co. of Alaska
Citations
- 197 F. 106
Syllabus
<p>Bankruptcy (§ 264*) — Corporate Assets — Sale.</p> <p>Where a corporation owning certain mining property in Alaska was declared a bankrupt in New York, and, it being impossible for lack of funds to appraise the corporation’s property on the ground, its secretary and treasurer testified from reports that it was worth only a nominal sum, whereupon the appraisers fixed the value at $1,000, when it was sold to a reorganizing committee for $1,100, after which new rights were created, a confirmation of the sale would not be denied at the instance of an Alaska creditor, on the ground that there had been a conspiracy to defraud him, since, if he had been the victim of a conspiracy, he had a remedy at law for damages.</p> <p>[Ed. Note. — For other cases, see Bankruptcy, Cent. Dig. §§ 368, 360; Dec. Dig. § 264.*]</p>
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- “[D]efendants’ opposition to the motion to amend the Complaint is not the proper vehicle for raising the issue [of the statute of limitations]. It can be asserted by answer as an affirmative defense.”
Source: CourtListener parenthetical corpus (CC0).
Judges: Mayer
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