Legal Opinion

Manchester Bank v. Connecticut Bank & Trust Co.

District Court, D. New Hampshire

Decided September 24, 1980No. Civ. 78-68-DPublishedCited by 24 opinions

1Opinion of the Court

MEMORANDUM OPINION

DEVINE, Chief Judge.

This commercial litigation has its source in the combined efforts of two banking institutions to rejuvenate an abandoned paper making facility situated in Lincoln, New Hampshire. Plaintiff, The Manchester Bank (“TMB”), is a New Hampshire banking corporation, and seeks to recoup losses arising from its participation in a loan with defendant, Connecticut Bank and Trust Company (“CBT”). The loan was designed to assist a newly formed business, New England Pulp and Paper, Inc. (“NEPP”), in its efforts to produce newsprint from recycled waste paper.

Plaintiff…

2Cases cited48 opinions

  1. Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
  2. Landis v. North American Co.Supreme Court of the United States · 1936
  3. Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
  4. United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
  5. Tcherepnin v. KnightSupreme Court of the United States · 1967

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3Cited by24 opinions

  1. Fed. Sec. L. Rep. P 92,024 Futura Development Corporation v. Centex CorporationCourt of Appeals for the First Circuit · 1985
  2. Union Planters National Bank of Memphis v. Commercial Credit Business Loans, Inc.Court of Appeals for the Sixth Circuit · 1981
  3. Fed. Sec. L. Rep. P 99,111 Richard v. Cleary v. Perfectune, Inc.Court of Appeals for the First Circuit · 1983
  4. Kansas State Bank v. Citizens BankCourt of Appeals for the Eighth Circuit · 1984
  5. Oxford Shipping Co., Ltd. v. New Hampshire Trading Corp., Oxford Shipping Co., Ltd. v. New Hampshire Trading Corp., Avon Trading Corp.Court of Appeals for the First Circuit · 1983

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