Court Opinion

ID: 9444067
Source: CourtListenerOpinion
Date Created: 2023-08-03 19:40:07.328449+00
Date Added: 2024-06-11T17:29:42.019527
License: Public Domain

On Petition for Rehearing.
PER CURIAM.
The petitioners have convinced us that our opinion was in error in stating: “ * * * indeed, there is no evidence that he [Glass] took any part whatever in cashing the bonds, which was in any event only a part of the execution of the decree in the United receivership declaring what was the distributive value of its bonds.” This statement is withdrawn.
We adhere to our ruling as to reversal and remand on the cross-claimant’s appeal but wish to make it plain that on the retrial both the issue of fraud and the defense of the statute of limitations will be open. Either party may add to his case not only on the fraud issue but also on whether at the time when Glass provided funds with which to pay the distributive value of the bonds he had in mind any information which required him to examine into Cohen’s ownership of them. On the latter issue nothing said in our former opinion is to be construed as holding contrary to the petitioners’ contention that the burden of proof is upon the cross-claimant.
Costs on the cross-claimant’s appeal are awarded to the cross-claimant. The respective claims as to amount of such costs may be submitted to the Clerk of the Court.