1. Home
  2. Browse Decisions
  3. F.2d
  4. 888 F.2d
  5. 888 F.2d 385 (1989)
 

NEWMYER v. PHILATELIC LEASING, LTD.

Nos. 88-1345, 89-1288.

888 F.2d 385 (1989)

Joseph M. NEWMYER, John W. Kwiatkowski, John C. Collins and Tobin R. Collins, (88-1345) Plaintiffs-Appellants, v. PHILATELIC LEASING, LTD., et al., Defendants-Appellees. Edward O'CONNELL, (89-1288) Plaintiff-Appellant, v. PHILATELIC LEASING, LTD., et al., Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided October 20, 1989.

Order on Denial of Rehearing and Rehearing November 27, 1989.

Attorney(s) appearing for the Case

Michael H. Whiting, Joseph A. Ahern argued, John M. Rady, Harry S. Stark, Stark, Reagan & Flinnerty, P.C., Troy, Mich., for plaintiffs-appellants.

Robert A. Hudson, James P. Murphy, Berry, Moorman, King, Cook & Hudson, Detroit, Mich., for Philatelic Leasing, Ltd. in Hambrose Stamps, Ltd., H & J Holding Corp., Global Intern., Herman Finesod, E. Joseph McConnell, Inc., Melvin Hersch, Pimgrim Stamp & Coin, Inc., Dell Philatelic Consultants, Ltd., in Case No. 88-1345.

Dennis K. Egan argued, Douglas G. Graham, Detroit, Mich., for Friedman & Shaftan, P.C., in Case No. 88-1345.

Clayton P. Farrell, Noreen L. Slank, Southfield, Mich., Michael J. Barton, Plunkett, Cooney, Rutt, Watters, Stanczyk & Pedersen, Detroit, Mich., for Trager Glass & Co. in Case No. 88-1345.

Kenneth E. Prather, James R. Stearns, Prather, Harrington & Foley, Detroit, Mich., for Boelter, Hopt & Gale in Case No. 88-1345.

Ernest R. Bazzana, Plunkett, Cooney, Rutt, Watters, Stanczyk & Pedersen, Detroit, Mich., Elliot Silverman, Gold and Wachte, New York City, for Westminster Stamp Gallery, Ltd., in Case No. 88-1345.

Clayton P. Farrell, Southfield, Mich., Stanley A. Prokop, Plunkett, Cooney, Rutt, Watters, Stanczyk & Pedersen, Kenneth E. Prather, Prather, Harrington & Foley, Detroit, Mich., Thomas W. Elkins, Birmingham, Mich., Donald V. Palazzo, President, Dell Philatelic Consultants, Ltd., Foxboro, Mass., for Philatelic Leasing, Ltd., in Case No. 89-1288.

Clayton P. Farrell, Southfield, Mich., Stanley A. Prokop, Robert A. Hudson, Berry, Moorman, King, Cook & Hudson, Kenneth E. Prather, Detroit, Mich., Thomas W. Elkins, Birmingham, Mich., Elliot Silverman, Gold and Wachte, New York City, Donald V. Palazzo, President, Foxboro, Mass., for Hambrose Stamps, Ltd., M & J Holding Corp., Globe Intern., Melvin Hersch, Herman Finesod, E. Joseph McConnell, Inc., Pimgrim Stamp & Coin, Inc., Continental Management Co., D.W. Brubaker in Case No. 89-1288.

Dennis K. Egan argued, Douglas G. Graham, Detroit, Mich., for Friedman & Shaftan, P.C., in Case No. 89-1288.

Clayton P. Farrell, Southfield, Mich., Ernest R. Bazzana, Stanley A. Prokop, Plunkett, Cooney, Rutt, Watters, Stanczyk & Pedersen, Robert A. Hudson, Kenneth E. Prather, Detroit, Mich., Thomas W. Elkins, Birmingham, Mich., Elliot Silverman, New York City, Donald V. Palazzo, President, Foxboro, Mass., for Robert V. Yeo, Jr., in Case No. 89-1288.

Clayton P. Farrell, Southfield, Mich., Stanley A. Prokop, Robert A. Hudson, Kenneth E. Prather, Detroit, Mich., Thomas W. Elkins, Birmingham, Mich., Noreen L. Slank, Southfield, Mich., Elliott Silverman, New York City, Donald V. Palazzo, President, Foxboro, Mass., for Trager Glass & Co., in Case No. 89-1288.

Clayton P. Farrell, Southfield, Mich., Stanley A. Prokop, Robert A. Hudson, Kenneth E. Prather, James R. Stearns, Prather, Harrington & Foley, Detroit, Mich., Thomas W. Elkins, Birmingham, Mich., Elliot Silverman, New York City, Donald V. Palazzo, President, Foxboro, Mass., for Boelter, Hopt & Gale, in Case No. 89-1288.

Chester E. Kasiborski, Jr., John J. Ronayne, III, Kasiborski, Ronayne & Flaska, Detroit, Mich., for Rose, Feldman, Radin, Pavone & Skehan and Stephen R. Feldman, amicus curiae.

Before MERRITT, Chief Judge, NELSON, Circuit Judge, and CELEBREZZE, Senior Circuit Judge.

Order on Denial of Rehearing and Rehearing En Banc November 27, 1989.

DAVID A. NELSON, Circuit Judge.

As a speculative investment, presumably, and as a device for sheltering income from taxes, the plaintiffs in these consolidated cases executed standard-form lease and security agreements under which, in exchange for cash and promissory notes, they acquired leasehold interests in plates for printing local postage stamps...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases