Legal Opinion
Republic Bank & Trust Company v. Bear Stearns & Company., Inc.
Court of Appeals for the Sixth Circuit
Decided June 20, 2012No. 10-5510PublishedCited by 230 opinions
1Opinion of the Court
OPINION
BOGGS, Circuit Judge.
Republic Bank & Trust Company bought more than fifty million dollars worth of residential-mortgage-backed securities from Bear Stearns. It did not read the relevant offering documents before investing. As the national economy crumbled in 2007 and 2008, so did the value of Republic’s investments. In response, Republic brought this suit in 2009, alleging that Bear Stearns and one of its employees (“Appellees”) fraudulently induced it to buy, and then to retain, the securities. It claimed that a series of misrepresentations and omissions, both oral and in the written…
2Cases cited41 opinions
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3Cited by230 opinions
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