Legal Opinion

Emerald Investors Trust v. Gaunt Parsippany Partners

Court of Appeals for the Third Circuit

Decided June 13, 2007No. 05-3706, 05-4134PublishedCited by 45 opinions

1Opinion of the Court

OPINION OF THE COURT

GREENBERG, Circuit Judge.

I. INTRODUCTION

The parties appeal and cross-appeal from a judgment and orders in this action that Emerald Investors Trust (“Emerald Trust”) brought, predicated on the district court’s asserted diversity of citizenship jurisdiction, seeking recovery on two unpaid promissory notes and foreclosure of the mortgages securing the notes. The district court, over the defendants’ objection, held that it had diversity of citizenship jurisdiction because the sole beneficiary of Emerald Trust was Emerald Investors Ltd. (“Emerald Ltd.”), a corporation…

2Cases cited29 opinions

  1. Erie Railroad v. TompkinsSupreme Court of the United States · 1938
  2. Colorado River Water Conservation District v. United StatesSupreme Court of the United States · 1976
  3. Carden v. Arkoma AssociatesSupreme Court of the United States · 1990
  4. Morris Johnson, Jr. v. Columbia Properties Anchorage, Lp, Morris Johnson, Jr. v. Columbia Properties Anchorage, LpCourt of Appeals for the Ninth Circuit · 2006
  5. Thermtron Products, Inc. v. HermansdorferSupreme Court of the United States · 1976

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3Cited by45 opinions

  1. Lincoln Benefit Life Co. v. AEI Life, LLCCourt of Appeals for the Third Circuit · 2015
  2. Americold Realty Trust v. ConAgra Foods, Inc.Supreme Court of the United States · 2016
  3. GBForefront LP v. Forefront Management Group LLCCourt of Appeals for the Third Circuit · 2018
  4. Farina v. Nokia, Inc.Court of Appeals for the Third Circuit · 2010
  5. Nuveen Municipal Trust Ex Rel. Nuveen High Yield Municipal Bond Fund v. WithumSmith Brown, P.C.Court of Appeals for the Third Circuit · 2012

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