Legal Opinion

Jacksonville Police & Fire Pf v. Cvb Financial Corp

Court of Appeals for the Ninth Circuit

Decided February 1, 2016No. 13-56838PublishedCited by 118 opinions

1Opinion of the Court

OPINION

HURWITZ, Circuit Judge:

The last recession put the Garrett Group, a commercial real estate company, into serious financial trouble. In 2008, Garrett informed its largest creditor, CVB Financial Corporation (“CVB”), that it could not make payments on its loans. After the loans were restructured, Garrett informed CVB in early 2010 that it again could not make the required payments and was contemplating bankruptcy.

CVB nonetheless represented in 2009 and 2010 filings with the Securities and Exchange Commission (“SEC”) that there was no basis for “serious doubt” about Garrett’s ability to…

2Cases cited19 opinions

  1. Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
  2. Associated General Contractors of California, Inc. v. California State Council of CarpentersSupreme Court of the United States · 1983
  3. TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
  4. Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
  5. Zucco Partners, LLC v. Digimarc Corp.Court of Appeals for the Ninth Circuit · 2009

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3Cited by118 opinions

  1. Leland Wheeler v. City of Santa ClaraCourt of Appeals for the Ninth Circuit · 2018
  2. Carl Schwartz v. Arena Pharmaceuticals, Inc.Court of Appeals for the Ninth Circuit · 2016
  3. Retail Wholesale & Department Store Union Local 338 Retirement Fund v. Hewlett-Packard Co.Court of Appeals for the Ninth Circuit · 2017
  4. Weston Family Partnership Lllp v. Twitter, Inc.Court of Appeals for the Ninth Circuit · 2022
  5. Glazer Capital Management, L.p v. Forescout Technologies, Inc.Court of Appeals for the Ninth Circuit · 2023

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