Key Cases & Statutes

Abstention

U.S.A. v. Fairway Capital Corporation, 433 F.Supp.2d 226 (D.R.I., 2006)

Alter Ego

Acree v. McMahan , 585 S.E.2d 873 (Ga. 2003)

C. F. Trust, Inc. v. First Flight L.P. , 580 S.E.2d 806 (Va. 2003)

Goya Foods, Inc. , v. Unanue-Casal , 982 F. Supp. 103 (D.P.R. 1997)

Integrated Bus. Info. Serv. (Proprietary) Ltd. v. Dun & Bradstreet Corp. , 714 F. Supp. 296 (N.D. Ill. 1989)

Scholes v. Lehmann , 56 F.3d 750 (7th Cir. 1995)

Appeal

Distribution Plan

In General

Intervention/Nonparties

SEC v. Basic Energy & Affiliated Resources, Inc. , 273 F.3d 657 (6 ^th Cir. 2001)

SEC v. Capital Consultants LLC , 453 F.3d 1166 (9 ^th Cir. 2006)

SEC v. Forex Asset Mgmt. LLC , 242 F.3d 325 (5th Cir. 2001)

In re Pressman-Gutman Co., Inc. , 459 F.3d 383 (3d Cir. 2006)

SEC v. Wozniak, 33 F.3d 13 (3d Cir. 1994)

Asset Protection Trust

See Repatriation

Bankruptcy

Effect on Receiver

Stay of Investor Litigation

Gilchrist v. Gen. Elec. Capital Corp. , 262 F.3d 295 (4th Cir. 2001)

Fisher v. Apostolou , 155 F.3d 876 (7th Cir. 1998)

Charitable Contributions

See Fraudulent Conveyances

Claims Administration

Due Process Requirements

SEC v. Elliott, 953 F.2d 1560 (11 ^th Cir. 1992)

Clean Hands/In Pari Delicto

Hirsch v. Arthur Anderson & Company, 72 F.3d 1085 (2 ^nd Cir. 1995)

In re Bennett Funding Group, Inc., 366 F.3d 94 (2 ^nd Cir. 2003)

In re Jack Greenberg, Inc. , 240 B.R. 486 (Bankr. E.D. Pa. 1999)

Marwil v. Ent & Imler CPA Group, PC , 2004 WL 2750255 (S.D. Ind. Nov. 24, 2004)

Quilling v. Cristell, 2006 WL 316981 (W.D.N.C. 2006)

Scholes v. Lehmann , 56 F.3d 750 (7th Cir. 1995)

Consideration

See Fraudulent Conveyances

Contempt

Am. Fletcher Mortgage Co. v. Bass , 688 F.2d 513 (7th Cir. 1982)

Central States Pension Fund v. Wintz Properties , 155 F.3d 868 (7 ^th Cir. 1998)

Chicago Truck Drivers v. Brotherhood Labor Leasing, 207 F.3d 500 (8 ^th Cir. 2000)

Chadwick v. Janecka , 312 F.3d 597 (3 ^rd Cir. 2002)

CFTC v. Armstrong , 284 F.2d 406 (2 ^nd Cir. 2002)

CFTC v. Premex, Inc. , 655 F.2d 779 (7th Cir. 1981)

CFTC v. Wellington Precious Metals , 950 F.2d 1525 (11 ^th Cir. 1992)

Electrical Workers Pension Trust Fund v. Gary’s Electric Service Co. , 340 F.3d 373 (6 ^th Cir. 2003)

Fed. R. Civ. Pro. R. 65, 70 and 71

FTC v. Affordable Media, LLC , 179 F.3d 1228 (9 ^th Cir. 1999)

FTC v. Cleverlink Trading Ltd., 2006 WL 1735276 (N.D.Ill. 2006)

Goya Foods, Inc. v. Wallack Mgmt. Co. , 290 F.3d 63 (1st Cir. 2002)

In re Lawrence , 279 F.3d 1294 (11 ^th Cir. 2002) (“ Lawrence ”)

McComb v. Jacksonville Paper Co. , 336 U.S. 187 (1949)

Roman v. Korson , 307 F.Supp.2d 908 (W.D.Mich. 2004)

SEC v. Homa , 2004 WL 1093492, (N.D.Ill. 2004)

SEC v. Homa , 2000 WL 1700139 (N.D. Ill. Nov. 13, 2000)

Shakman v. Democratic Organization of Cook County , 533 F.2d 344, (7 ^th Cir. 1976)

Steffen v. Gray, Harris & Robinson , 283 F.Supp.2d 1272 (M.D.Fla. 2003)

Stotler and Co. v. Able , 870 F.2d 1158 (7 ^th Cir. 1989

United States v. Asay , 614 F.2d 655 (9 ^th Cir. 1980)

United States v. Barnette , 129 F.3d 1179 (11 ^th Cir. 1997)

United States v. Chusid , 372 F.3d 113 (2d Cir. 2004)

Wright, Miller & Kane , Federal Practice & Procedure: Civil 2d , §2960

Wright, King & Klein , Federal Practice and Procedure: Criminal 3 ^rd §705

Corporate Veil, Piercing

See Alter Ego

See Reverse-Piercing

Deepening Insolvency

Official Committee of Unsecured Creditors v. R. F. Lafferty & Co., Inc. , 267 F.3d 340 (3 ^rd Cir. 2001)

Disgorgement

Commodity Futures Trading Comm’n v. Kimberlynn Creek Ranch, Inc. , 276 F.3d 187 (4th Cir. 2002)

SEC v. Blavin , 760 F.2d 706 (6th Cir. 1985)

SEC v. First Jersey Sec., Inc. , 101 F.3d 1450 (2d Cir. 1996)

SEC v. Huffman , 996 F.2d 800 (5th Cir. 1993)

SEC v. Elliott, 953 F.2d 1560 (11 ^th Cir. 1992)

SEC v. Tome , 883 F.2d 1086 (2d Cir. 1987)

Distribution Plans

Appealability

Due Process

Fair and Equitable

Objection after funds distributed

Out of Pocket losses

Powers of Court

See Appeal

SEC v. Basic Energy & Affiliated Resources, Inc., 273 F.3d 6557 (6 ^th Cir. 2001)

SEC v. Elliott, 953 F.2d 1560 (11 ^th Cir. 1992)

SEC v. Basic Energy & Affiliated Resources, Inc. , 273 F.3d 657, 670-71 (6 ^th Cir. 2001)

U.S.A. v. Fairway Capital Corporation , 433 F.Supp.2d 226 (D.R.I., 2006)

SEC v. Wozniak 33 F.3d 13 (3d Cir. 1994)

SEC v. Certain Unknown Purchasers of the Common Stock of and Call Options for the Common Stock of Santa Fe International Corporation , 817 F.2d 1018 (2d Cir. 1987)

SEC v. Elliott, 953 F.2d 1560 (11 ^th Cir. 1992)

SEC v. Forex Asset Mgmt. LLC , 242 F.3d 325 (5th Cir. 2001)

SEC v. Hardy , 803 F.2d 1034 (9 ^th Cir. 1986)

Equitable Powers of Court (in Receivership)

SEC v. Basic Energy & Affiliated Resources, Inc. , 273 F.3d 657 (6 ^th Cir. 2001)

SEC v. Hardy , 803 F.2d 1034 (9 ^th Cir. 1986)

SEC v. Lincoln Thrift Ass’n , 577 F2d 6008 (9 ^th Cir. 1978)

Fraud/Fraudulent Conveyances

Charitable Contributions

Scholes v. Lehmann , 56 F.3d 750 (7th Cir. 1995)

Stenger v. World Harvest Church , 2006 WL 870310 (N.D.Ga. 2006)

Consideration

In re Chomakos , 69 F.3d 769 (6th Cir. 1995)

Scholes v. Lehmann , 56 F.3d 750 (7th Cir. 1995)

Stenger v. World Harvest Church , 2006 WL 870310 (N.D.Ga. 2006)

Tcherepnin v. Franz , 485 F.2d 1251 (7th Cir. 1973)

Terry v. June , 432 F.Supp.2d 635 (W.D.Va. 2006)

General

In re: Unified Commercial Capital , 2002 WL 32500567 (W.D.N.Y. Jun. 21, 2002)

Quilling v. Cristell , 2006 WL 316981 (W.D.N.C. 2006)

Stenger v. Rogers , 2006 WL 449151 (N.D.Ga. 2006)

Stenger v. World Harvest Church , 2006 WL 870310 (N.D.Ga. 2006)

Tcherepnin v. Franz , 485 F.2d 1251 (7 ^th th Cir. 1973)

Terry v. Dowdell , 2006 WL 2360933 (W.D.Va. 2006)

Terry v. June , 432 F.Supp.2d 635 (W.D.Va. 2006)

Investor, Payment in Excess of Investment

Scholes v. Lehmann , 56 F.3d 750 (7th Cir. 1995)

Terry v. June , 432 F.Supp.2d 635 (W.D.Va. 2006)

Transfer

Chepstow Ltd. v. Hunt , 381 F.3d 1077 (11th Cir. 2004)

Spouse

Scholes v. Lehmann , 56 F.3d 750 (7th Cir. 1995)

Stenger v. Rogers , 2006 WL 449151 (N.D.Ga. 2006)

Proof of Intent

In re Slatkin , 310 B.R. 740 (Bankr. C.D. Cal. 2004)

Quilling v. Cristell, 2006 WL 316981 (W.D.N.C. 2006)

Terry v. Dowdell , 2006 WL 2360933 (W.D.Va. 2006)

Terry v. June , 432 F.Supp.2d 635 (W.D.Va. 2006)

Warfield v. Alaniz , 2006 WL 2190563 (D.Ariz. 2006)

Freeze Orders, Violation of

See Contempt

Indemnification of Receiver

See Liabilit/Indemnificationy of Receiver

In Pari Delicto

See Clean Hands/In Pari Delicto

Intervention

Commodity Futures Trading Comm’n v. Heritage Capital Advisory Servs., Ltd. , 736 F.2d 384 (7th Cir. 1984)

SEC v. Homa , 2001 WL 939080 (7th Cir. Aug. 17, 2001)

SEC v. Wozniak, 33 F.3d 13 (3d Cir. 1994)

Jurisdiction (Appellate)

In re Pressman-Gutman Co., Inc. , 459 F.3d 383 (3d Cir. 2006)

Jurisdiction (Personal)

Alexander v. Hillman , 296 U.S. 222 (U.S. 1935)

FTC v. Cleverlink Trading Ltd., 2006 WL 1735276 (N.D.Ill. 2006)

Haile v. Henderson Nat. Bank , 657 F2d 816 (6 ^th Cir. 1981)

In re Schwinn Bicycle Co. , 190 B.R. 599 (Bankr. N.D. Ill. 1995)

Quilling v. Cristell, 2006 WL 316981 (W.D.N.C. 2006)

Quilling v. Stark, 2006 WL 1683442 (N.D.Tex. 2006)

SEC v. Bilzerian , 378 F.3d 1100 (D.C. Cir. 2004)

SEC v. Infinity Group Co. , 27 F. Supp. 2d 559 (E.D. Pa. 1998)

SEC v. Tanner, 2006 WL 1128699 *2 (D.Kan. 2006)

Terry v. Walker, 369 F.Supp.2d 818 (W.D.Va.)

U.S. Small Business Administration v. Integrated Environmental Solutions, Inc. , 2006 WL 2336446 (S.D.Tex. 2006)

U.S. Small Business Admin.istration, as Receiver for Acorn Technology Fund, L.P. v. Peter E. Chimicles , 2004 WL 2223304 (E.D. Pa. Sep. 22, 2004)

Warfield v. Alaniz , 2006 WL 2190563 (D.Ariz. 2006)

Laches

Warfield v. Alaniz , 2006 WL 2190563 (D.Ariz. 2006)

Liability/Indemnification of Receiver

FTC v. 3R Bancorp. , 2006 WL 2191317 (N.D.Ill. 2006)

Officer of Court (Receiver)

Holland v. Sterling Enterpirses, Inc ., 777 F.2d 1288 (7 ^th Cir. 1985)

Terry v. June , 432 F.Supp.2d 635 (W.D.Va. 2006)

Warfield v. Alaniz , 2006 WL 2190563 (D.Ariz. 2006)

Ponzi/Pyramid Scheme Defined

In re Fin. Fed. Title & Trust Inc. , 309 F.3d 1325, 1327n.2. (11 ^th Cir. 2002)

Stenger v. Rogers , 2006 WL 449151 (N.D.Ga. 2006)

Stenger v. World Harvest Church , 2006 WL 870310 (N.D.Ga. 2006)

U.S. v. Orton , 73 F.3d 331, 332n.2. (11 ^th Circ. 1996)

Warfield v. Alaniz , 2006 WL 2190563 (D.Ariz. 2006 )

Repatriation (of assets)

FTC v. Affordable Media, LLC , 179 F.3d 1228 (9 ^th th Cir. 1999)

FTC v. Think Achievement Corp. , 144 F. Supp. 2d 1029 (N.D. Ind. 2000)

In Re Lawrence, 227 B.R. 907 (Bankp. S.D. Fla. 1998)

Steffen v. Gray, Harris & Robinson , 283 F.Supp.2d 1272 (M.D.Fla. 2003)

See also “ Contempt ”

Reverse Piercing of the Corporate Veil

Acree v. McMahan , 585 S.E.2d 873 (Ga. 2003)

Turnover Order, Violation of

See Contempt

Sale of Assets Free of Liens

Broadway Trust Co. v. Dill, 17 F.2d 486 (3 ^rd Cir. 1927)

Mellen v. Moline, 131 U.S. 352

Milk Products Co., Inc., et al., 21 F.2d 414 (2 ^nd Cir. 1927)

Spreckets v. Spreckels Surgar Corp. et al, 79 F2d 332 (2 ^nd Cir. 1935)

Setoffs

United States v. Ariz. Fuels Corp. , 739 F.2d 455 (9th Cir. 1984)

Standing

Am. Tissue, Inc. v. Donaldson, Lufkin & Jenrette Sec. Corp. , 351 F. Supp. 2d 79 (S.D.N.Y. 2004)

In re Cendant Corp. Sec. Litig. , 404 F.3d 173 (3d. Cir. 2005)

In re Jack Greenberg, Inc. , 240 B.R. 486 (Bankr. E.D. Pa. 1999)

In re First Cent. Fin.l Corp. v. Simon , 269 B.R. 502 (Bankr. E.D.N.Y. 2001)

Fisher v. Apostolou , 155 F.3d 876 (7th Cir. 1998)

Kusner v. First Penn. Corp. , 74 F.R.D. 606 (E.D. Pa. 1977)

Standing of Receiver

Quilling v. Cristell, 2006 WL 316981 (W.D.N.C. 2006)

Scholes v. Lehmann , 56 F.3d 750 (7 ^th th Cir.: 1995)

Warfield v. Alaniz , 2006 WL 2190563 (D.Ariz. 2006)

Stenger v. World Harvest Church , 2006 WL 870310 (N.D.Ga. 2006)

Statue of Limitations/Repose

Am. Standard Credit, Inc. v. National Cement Co. , 643 F.2d 248 (5 ^th Cir. 1981)

Quilling v. Cristell, 2006 WL 316981 (W.D.N.C. 2006)

Resolution Trust Corp. v. Chapman , 895 F. Supp. 1072 (C.D. Ill. 1995)

Stenger v. World Harvest Church , 2006 WL 870310 (N.D.Ga. 2006)

Warfield v. Alaniz , 2006 WL 2190563 (D.Ariz. 2006)

Stay of Actions During Receivership

Barton v. Barber, 104 U.S. 126 (1881)

Carter v. Rodgers, 220 F.3d 1249 (11 ^th Cir. 2000) cert. denied, 531 U.S. 1077 (2001)

Gilchrist v. Gen. Elec. Capital Corp. , 262 F.3d 295 (4th Cir. 2001)

SEC v. Wencke , 622 F.2d 1363 (9 ^th Cir. 1980)

Summary Proceedings (In General)

Commodity Futures Trading Comm’n v. Heritage Capital Advisory Servs., Inc. , 736 F.2d 384 (7th Cir. 1984)

SEC v. Basic Energy & Affiliated Resources, Inc. , 273 F. 3d 657 (6 ^th Cir. 2001)

SEC v. Elliott , 953 F2d 1560 (11 ^th Cir. 1992)

SEC v. Homa , 2001 WL 939080 (7th Cir. Aug. 17, 2001)

United States v. Ariz. Fuels Corp. , 739 F.2d 455 (9th Cir. 1984)

Warfield v. Alaniz , 2006 WL 2190563 (D.Ariz. 2006)

Venue, Actions by Receiver

Hodson v. Gilmartin , 2006 WL 2707397 (E.D.Pa. 2006)

Scholes v. Lehmann , 56 F.3d 750 (7th Cir. 1995)

Tcherepnin v. Franz , 489 F. Supp. 43 (N.D. Ill. 1980)

Venue, Transfer of

Hodson v. Gilmartin , 2006 WL 2707397 (E.D.Pa. 2006)

SEC v. Bilzerian , 378 F.3d 1100 (D.C. Cir. 2004)

Fed. R. Civ. Pro. R. 72

See Pleading and Practice

28 U.S.C. § 754 (General)

Am. Freedom Train Found. v. Spurney , 747 F.2d 1069 (1st Cir. 1984)

Gilchrist v. Gen. Elec. Capital Corp. , 262 F.3d 295 (4th Cir. 2001)

Haile v. Henderson Nat. Bank , 657 F2d 816 (6 ^th Cir. 1981) cert. Denied 455 U.S. 949

Quilling v. Cristell, 2006 WL 316981 (W.D.N.C. 2006)

Quilling v. Stark, 2006 WL 1683442 (N.D.Tex. 2006)

Scholes v. African Enter., Inc. , 854 F. Supp. 1315 (N.D. Ill. 1994)

Scholes v. Lehmann , 56 F.3d 750 (7th Cir. 1995)

SEC v. Bilzerian , 378 F.3d 1100 (D.C. Cir. 2004)

SEC v. Heartland Group, Inc. , 2003 WL 21000363 (N.D. Ill. May 2, 2003)

SEC v. Tanner, WL 1128699, *2 (D.Kan. 2006)

SEC v. Vision Communications, Inc. , 1996 WL 680229 (D.C. Cir. Oct. 23, 1996)

Tcherepnin v. Franz , 489 F. Supp. 43 (N.D. Ill. 1980)

Terry v. June , 2005 WL 1163103 (W.D. Va. Apr. 5, 2005)

Terry V. Walker, 369 F.Supp.2d 818 (W.D.Va)

United States v. Ariz. Fuels Corp. , 739 F.2d 455 (9 ^th Cir. 1984)

28 U.S.C. § 754 (Reappointment)

Quilling v. Cristell, 2006 WL 316981 (W.D.N.C. 2006)

Quilling v. Stark, 2006 WL 1683442 (N.D.Tex. 2006)

SEC v. Heartland Group, Inc. , 2003 WL 21000363 (N.D. Ill. May 2, 2003)

SEC v. Tanner, 2006 WL 1128699, *2 (D.Kan. 2006)

SEC v. Vision Communications, Inc. , 1996 WL 680229 (D.C. Cir. Oct. 23, 1996)

Terry v. June , 2005 WL 1163103 (W.D. Va. Apr. 5, 2003)

Terry v. Walker, 369 F.Supp.2d 818 (W.D.Va.)

28 U.S.C. § 1692

Am. Freedom Train Found. v. Spurney , 747 F.2d 1069 (1st Cir. 1984)

Haile v. Henderson Nat. Bank , 657 F2d 816 (6 ^th Cir. 1981)

Quilling v. Cristell, 2006 WL 316981 (W.D.N.C. 2006)

Quilling v. Stark, 2006 WL 1683442 (N.D.Tex. 2006)

SEC v. Tanner, 2006 WL 1128699, *2 (D.Kan. 2006)

Terry v. June , 2005 WL 1163103 (W.D. Va. Apr. 5, 2003)

Terry v. Walker, 369 F.Supp.2d 818 (W.D.Va.)