Alco Products, Inc. v. Trustees of the Property of the New York, New Haven & Hartford Railroad’s Empirical Analysis
405 F.2d 50 · 1968
Citation profile
3 federal appellate · 2 district ·
How this case has been cited
Cited by 18 later decisions (1 by the Supreme Court) — most recently March 1989
3 federal appellate · 2 district ·
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
Relationships
Relies on Fosdick v. Schall · Public Service Commission v. United States · Burnham v. Bowen · Southern Railway Company v. Carnegie Steel Company · Nickle v. Stewart
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 18 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“We hold that the availability of a current expense fund under the six months rule is to be determined by generally accepted accounting practices, including those prescribed by the Interstate Commerce Commission, and that under those practices the current expense fund is to be computed by deducting operating expenses and depreciation from operating revenues.”
3 later decisions quote this exact passage · from the majority“Whether the six months creditors receive priority depends, however, on whether there existed a “current debt fund” or “current expense fund” from which payment could have been made but which was used instead for the benefit of the bondholders. The reasoning behind the requirement of the current expense fund is that the six months claims deserve priority only to the extent that the claimants relied in extending credit on the availability of current income and not, along with others, on the railroad’s general credit standing. In re New York, New Haven and Hartford Railroad Company, supra, at 52 .”
1 later decision quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.