Legal Opinion

Oscar Gruss & Son v. First State Bank of Eldorado and Philip Kane and Ralph W. Choiser

Court of Appeals for the First Circuit

Decided August 11, 1978No. 76-1288PublishedCited by 37 opinions

1Per curiam

The Appeal:

The plaintiff-appellant Oscar Gruss & Son (Gruss) appeals from the judgment entered by the District Court for the defendants-appellees First State Bank of Eldorado (Bank) and Philip Kane (Kane)1 in Gruss’ diversity jurisdiction action for alleged conversion by the Bank and/or Kane of certain United States Treasury Bills (Treasury Bills). This case raises questions involving the interpretation and application of Article 8 of the Uniform Commercial Code (UCC) as adopted by the Illinois legislature.2 Article 8 governs investment securities and “may be likened . . . to a negotiable…

2Cases cited31 opinions

  1. United States v. United States Gypsum Co.Supreme Court of the United States · 1948
  2. Commissioner v. DubersteinSupreme Court of the United States · 1960
  3. United States v. General Motors Corp.Supreme Court of the United States · 1966
  4. United States v. National Ass'n of Real Estate BoardsSupreme Court of the United States · 1950
  5. United States v. Singer Manufacturing Co.Supreme Court of the United States · 1963

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3Cited by37 opinions

  1. First National Bank of Cicero v. Lewco Securities Corp.Court of Appeals for the First Circuit · 1989
  2. State Distributors, Inc. v. Glenmore Distilleries Company and Foreign Vintages, Inc.Court of Appeals for the Tenth Circuit · 1984
  3. Lektro-Vend Corp. v. Vendo Co.Court of Appeals for the Seventh Circuit · 1981
  4. Albee Tomato, Inc. v. A.B. Shalom Produce Corp.Court of Appeals for the Second Circuit · 1998
  5. Evelyn Indyk and Leo Indyk, Plaintiffs-Appellees-Appellants v. Habib Bank Limited, Defendant-Appellant-AppelleeCourt of Appeals for the Second Circuit · 1982

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