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Legal Opinion

Lawaetz v. Bank of Nova Scotia

District Court, Virgin Islands

Decided January 23, 1987No. Civ. A. No. 1986/102PublishedCited by 21 opinions

1Opinion of the CourtO’Brien, Judge

MEMORANDUM OPINION AND ORDER

This RICO action is vehemently challenged by the defendant bank as vexatious. We hold that the complaint survives the initial attack virtually intact. It is both timely and distinct from previous litigation and adequately pleads substantive charges of RICO and fraud. The conspiracy count, however, does not state a cognizable claim and wilhbe dismissed.

I. FACTS

Plaintiff Erik Lawaetz is the sole shareholder of the St. Croix Hotel Corporation, owner of the St. Croix by the Sea resort. Defendant Bank of Nova Scotia financed the Hotel’s expansion throughout the 1970’s.…

2Cases cited62 opinions

  1. Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
  2. Conley v. GibsonSupreme Court of the United States · 1957
  3. Wilson v. GarciaSupreme Court of the United States · 1985
  4. Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
  5. Pereira v. United StatesSupreme Court of the United States · 1954

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3Cited by21 opinions

  1. Ashland Oil, Inc. v. ArnettCourt of Appeals for the Seventh Circuit · 1989
  2. Lewis F. Huck, Derivatively on Behalf of Sea Air Shuttle Corporation v. Eric Dawson Rosalie Simmonds Ballentine Rhudel George Leo Francis Robert O'connor, Jr. William Quetel George Goodwin Luis Sotomayor Earl Roebuck Members of the Board of Directors Gordon A. Finch, Executive Director Lt. Gov. Derek M. Hodge Alexander A. Farrelly, Governor Governor of the Virgin Islands. Lewis F. Huck, Derivatively on Behalf of Sea Air Shuttle Corporation v. Virgin Islands Port Authority Sea Air Shuttle Corporation, Lewis F. Huck, Derivatively on Behalf of Sea Air Shuttle CorporationCourt of Appeals for the Third Circuit · 1997
  3. Island Insteel Systems, Inc. v. WatersCourt of Appeals for the Third Circuit · 2002
  4. Ashland Oil, Inc. v. ArnettCourt of Appeals for the Seventh Circuit · 1989
  5. Northeast Jet Center, Ltd. v. Lehigh-Northampton Airport AuthorityDistrict Court, E.D. Pennsylvania · 1991

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