Case Name: J. P. MORGAN & CO., INC., LEONHARD A. KEYES AND MABEL SATTERLEE INGALLS, AS EXECUTORS OF THE ESTATE OF HERBERT LIVINGSTON SATTERLEE, DECEASED v. THE UNITED STATES
Court: United States Court of Claims
Jurisdiction: United States
Decision Date: 1956-11-07
Citations: 136 Ct. Cl. 748
Docket Number: No. 583-53
Parties: J. P. MORGAN & CO., INC., LEONHARD A. KEYES AND MABEL SATTERLEE INGALLS, AS EXECUTORS OF THE ESTATE OF HERBERT LIVINGSTON SATTERLEE, DECEASED v. THE UNITED STATES
Judges: Laramore, Judge; and Littleton, Judge, concur.
Reporter: United States Court of Claims Reports
Volume: 136
Pages: 748–756

Head Matter:
J. P. MORGAN & CO., INC., LEONHARD A. KEYES AND MABEL SATTERLEE INGALLS, AS EXECUTORS OF THE ESTATE OF HERBERT LIVINGSTON SATTERLEE, DECEASED v. THE UNITED STATES
[No. 583-53.
Decided November 7, 1956]
Mr. James H. Nichols for plaintiffs. Messrs. Satterlee, Warfield <& Stephens, and J. Fear on Brown were on the briefs.
Mr. Sheldon J, Qitelman, with whom was Mr. Assistant Attorney General Charleé, K. Bice, for defendant. Mr. Andrew D. Sharpe was on the brief.

Opinion:
Madden, Judge,
delivered the opinion of the court:
This case is in all essential respects like Fahnestock, et. al., v. United States, 119 C. Cls. 41. We have reconsidered our decision in that case and have considered the contrary decision of the United States Court of Appeals for the Second Circuit in Guaranty Trust Co. v. United States, 192 F. 2d 164, and we adhere to our former opinion. The plaintiffs are entitled to recover, and judgment will be entered to that effect. The amount of recovery will be determined pursuant to Rule 38 (c).
It is so ordered.
Laramore, Judge; and Littleton, Judge, concur.