Legal Opinion
Murphy v. T. Rowe Price Prime Reserve Fund, Inc.
Court of Appeals for the Ninth Circuit
Decided November 4, 1993No. 92-15087PublishedCited by 7 opinions
1Opinion of the Court
BEEZER, Circuit Judge:
Robert Brownlee, now deceased, held a check closing out his mutual fund account for three years. Now the question is, who is entitled to the interest accrued on the funds evidenced by the uncashed check? The district court granted summary judgment for the defendants (hereinafter “Price”). We affirm in part and reverse and remand in part.
I
Brownlee’s financial consultant requested that Price close out Brownlee’s account at Price. Price transferred the funds evidencing the redemption proceeds of Brownlee’s mutual fund account into a checking account at a bank. Under an…
2Cases cited17 opinions
- First Nationwide Savings v. PerryCalifornia Court of Appeal · 1992
- Union Collection Co. v. BuckmanCalifornia Supreme Court · 1907
- Kraus v. Willow Park Public Golf CourseCalifornia Court of Appeal · 1977
- Chemical Specialties Manufacturers Association, Inc. v. Clifford L. Allenby John K. Van De Kamp, Esq.Court of Appeals for the Ninth Circuit · 1992
- Martin v. KehlCalifornia Court of Appeal · 1983
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3Cited by7 opinions
- Murphy v. American General Life InsuranceDistrict Court, C.D. California · 2015
- Taylor Associates v. Diamant (In Re Advent Management Corp.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1995
- Swimmer v. Moeller (In Re Moeller)United States Bankruptcy Court, S.D. California · 2012
- Murphy v. T. Rowe Price Prime Reserve Fund, Inc.Court of Appeals for the Ninth Circuit · 1993
- Interocean Ships, Inc. v. Samoa GasesHigh Court of American Samoa · 1999
2 more not listed; retrieve them via the Exa API.