United States v. Pink
Encyclopedia
United States v. Pink, 315 U.S. 203
(1942), was a United States Supreme Court decision related to the Litvinov Assignment. The United States sued Pink, the Superintendent of Insurance of the State of New York
for claims regarding the First Russian Insurance Company.
According to the facts of the case, the First Russian Insurance Co. was organized under the former Russian
government. The company opened an American
branch in New York
in 1907. After the Russian Revolution, the Russian government nationalized all insurance companies, including First Russian. The case concerns the return of over $1,000,000 in assets held by the Superintendent of Insurance pursuant to the Litvinov Assignment. New York law granted marshalling preference of the nationalized assets to foreign creditors over U.S. creditors.
The court stated that the action of New York, "amounted in substance to a rejection of a part of the policy underlying recognition by this nation of Soviet Russia. Such power is not accorded a State in our constitutional system... No state can rewrite our foreign policy to conform to its own domestic policies. Power over external affairs is not shared by the States; it is vested in the national government exclusively."
The court ruled that rights to the property
in question passed from the Soviet Government to the United States under the Litvinov Assignment.
This all happened under the presidency of Franklin D. Roosevelt
.
Case citation
Case citation is the system used in many countries to identify the decisions in past court cases, either in special series of books called reporters or law reports, or in a 'neutral' form which will identify a decision wherever it was reported...
(1942), was a United States Supreme Court decision related to the Litvinov Assignment. The United States sued Pink, the Superintendent of Insurance of the State of New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
for claims regarding the First Russian Insurance Company.
According to the facts of the case, the First Russian Insurance Co. was organized under the former Russian
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
government. The company opened an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
branch in New York
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
in 1907. After the Russian Revolution, the Russian government nationalized all insurance companies, including First Russian. The case concerns the return of over $1,000,000 in assets held by the Superintendent of Insurance pursuant to the Litvinov Assignment. New York law granted marshalling preference of the nationalized assets to foreign creditors over U.S. creditors.
The court stated that the action of New York, "amounted in substance to a rejection of a part of the policy underlying recognition by this nation of Soviet Russia. Such power is not accorded a State in our constitutional system... No state can rewrite our foreign policy to conform to its own domestic policies. Power over external affairs is not shared by the States; it is vested in the national government exclusively."
The court ruled that rights to the property
Property
Property is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation...
in question passed from the Soviet Government to the United States under the Litvinov Assignment.
This all happened under the presidency of Franklin D. Roosevelt
Franklin D. Roosevelt
Franklin Delano Roosevelt , also known by his initials, FDR, was the 32nd President of the United States and a central figure in world events during the mid-20th century, leading the United States during a time of worldwide economic crisis and world war...
.