Legal Opinion
National State Bank v. Federal Reserve Bank of New York Community Guardian Bank Uniport Company, Inc. Sang B. Lee Federal Reserve Bank of New York
Court of Appeals for the Third Circuit
Decided November 24, 1992No. 92-5189PublishedCited by 276 opinions
1Opinion of the Court
RESTANI, Judge.
Defendant-appellant, the Federal Reserve Bank of New York (“the N.Y.Fed”), appeals from the district court’s grant of summary judgment in favor of plaintiff-appellee National State Bank (“NSB”). The district court held that defendant N.Y.Fed breached its duty of ordinary care in presenting two checks for payment and in failing to notify NSB within a reasonable time that the checks had been lost. Because we find that NSB did not meet its initial burden of demonstrating the absence of a genuine issue of fact in its motion for summary judgment, we reverse the district court’s…
2Cases cited9 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Adickes v. S. H. Kress & Co.Supreme Court of the United States · 1970
- Thomas J. O'DOnnell v. United StatesCourt of Appeals for the Third Circuit · 1989
- Resolution Trust Corp. v. GillCourt of Appeals for the Third Circuit · 1992
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3Cited by276 opinions
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- Viener v. Jacobs (In Re Jacobs)United States Bankruptcy Court, E.D. Pennsylvania · 2008
- GMAC Inc. v. Coley (In Re Coley)United States Bankruptcy Court, E.D. Pennsylvania · 2010
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