Legal Opinion
Continental Insurance v. Morgan, Olmstead, Kennedy & Gardner, Inc.
California Court of Appeal
Decided August 7, 1978No. Civ. No. 50536, 50735PublishedCited by 17 opinions
1Opinion of the Court
*597Opinion
THOMPSON, J.
Continental Insurance Company (Continental), as subrogee of Manufacturers Hanover Trust Company (Manufacturers), sued Morgan, Olmstead, Kennedy & Gardner, Inc. (Morgan), a broker which had acted as principal or agent in purchasing United States treasury bills which had been stolen from Manufacturers. The complaint asserts several theories of liability. It claims that Morgan failed to use due diligence to learn the essential facts concerning its customer’s acquisition of the bills, that Morgan violated rule 405 of the New York Stock Exchange and article III of the Manual of…
2Cases cited12 opinions
- Continental Casualty Co. v. Zurich InsuranceCalifornia Supreme Court · 1961
- Meyers v. Bank of America National Trust and Savings Ass'nCalifornia Supreme Court · 1938
- Patent Scaffolding Co. v. William Simpson Construction Co.California Court of Appeal · 1967
- Meyer Koulish Co. v. CannonCalifornia Court of Appeal · 1963
- Barclay Kitchen, Inc. v. California BankCalifornia Court of Appeal · 1962
7 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- CNA Casualty of California v. Seaboard Surety Co.California Court of Appeal · 1986
- Mutual Service Casualty Insurance Company, as Subrogee of Jo Daviess Services, Inc. v. Elizabeth State Bank, an Illinois State Chartered BankCourt of Appeals for the Seventh Circuit · 2001
- Pacific-Southern Mortgage Trust Co. v. Insurance Co.California Court of Appeal · 1985
- Hanover Ins. Companies v. Brotherhood State BankDistrict Court, D. Kansas · 1979
- Fireman's Fund Insurance v. Morse Signal DevicesCalifornia Court of Appeal · 1984
12 more not listed; retrieve them via the Exa API.