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CLARKSON CO. LTD. v. SHAHEEN

No. 76 Civ. 1373.

540 F.Supp. 636 (1982)

The CLARKSON COMPANY LIMITED, as Trustee in Bankruptcy, appointed by the Supreme Court of the Province of Newfoundland, of the Property of Newfoundland Refining Company Limited and Provincial Refining Company Limited, Plaintiff, v. John M. SHAHEEN, Roy M. Furmark, Albin W. Smith, Peter L. Caras, Paul W. Rishell, Shaheen Natural Resources Company, Inc., Newfoundland Refining Company Ltd., U. S. A., and Founders Corporation, Defendants. The CLARKSON COMPANY LIMITED, etc., Petitioner, v. FOUNDERS CORPORATION, Macmillan Ring-Free Oil Co., Inc., Shaheen Natural Resources Company, Inc., and John M. Shaheen, Respondents. The CLARKSON COMPANY LIMITED, etc., Petitioner, v. SHAHEEN NATURAL RESOURCES COMPANY, INC., John M. Shaheen, Macmillan Ring-Free Oil Co., Inc., and Ian W. Outerbridge, Respondents. The CLARKSON COMPANY LIMITED, etc., Petitioner, v. Martin RUBIN and John M. Shaheen, Respondents. The CLARKSON COMPANY LIMITED, etc., Petitioner, v. John M. SHAHEEN, Brown Harris Stevens, Inc., and 642 Park Avenue Corp., Respondents, and Barbara T. Shaheen, Michael Shaheen, and Bradford Shaheen, Intervening Respondents.

United States District Court, S. D. New York.

June 4, 1982.

Attorney(s) appearing for the Case

White & Case, New York City, for plaintiff/petitioner The Clarkson Co. Ltd.; Jeffrey Barist, Allan L. Gropper, Edna R. Sussman, Kevin Ashley, New York City, of counsel.

Saxe Bacon & Bolan, P. C., New York City, for defendants/respondents John M. Shaheen, Shaheen Natural Resources Co., Inc. and Founders Corp.; Thomas A. Andrews, Filip L. Tiffenberg, New York City, of counsel.

Trubin, Sillcocks, Edelman & Knapp, New York City, for respondent Macmillan Ring-Free Oil Co., Inc.; John Trubin, Roger R. Crane, Deirdre Kessler, New York City, of counsel.

Kornstein Meister & Veisz, New York City, for respondent Martin Rubin; Ronald W. Meister, New York City, of counsel.

Patrick J. Rohan, Bronxville, N. Y., for intervenors Barbara Shaheen, Michael Shaheen and Bradford Shaheen.

Spengler Carlson Gubar Brodsky & Rosenthal, New York City, for respondent Ian Outerbridge; Thomas H. Sear, J. Edward Meyer, III, Cynthia M. Brill, New York City, of counsel.

Netter, Dowd & Alfieri, New York City, for respondents Brown Harris Stevens, Inc. and 642 Park Avenue Corp.; Howard J. Adler, New York City, of counsel.

OPINION AND ORDER

OWEN, District Judge.

Petitioner, Clarkson, seeks a judgment determining that it has priority as to certain shares of stock in Macmillan Ring-Free Oil Co., Inc. ("Macmillan") over Global Forwarding, Inc., Skidmore & Mason, Inc., Bona Vista Food Services, Ltd., and United Airlines, Inc. (the "Additional Respondents"). Clarkson and the Additional Respondents are all creditor claimants. I conclude, for the reasons set forth below, that...

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