Legal Opinion

Citibank v. Grupo Cupey, Inc.

Court of Appeals for the First Circuit

Decided August 30, 2004No. 03-1974PublishedCited by 18 opinions

1Opinion of the Court

LIPEZ, Circuit Judge.

This case requires us to resolve a dispute over the provision of a surety bond that limits the surety’s liability to the original beneficiaries named in the bond. In the midst of litigation between the surety and one of the named beneficiaries, the beneficiary assigned its interests under the bond to a third party. The district court allowed the third party to take the place of the beneficiary in the litigation, but then dismissed the third party’s complaint because the bond limited the surety’s liability to the original named beneficiaries. Agreeing with this…

2Cases cited5 opinions

  1. Maysonet-Robles v. CabreroCourt of Appeals for the First Circuit · 2003
  2. Hershey v. Donaldson, Lufkin & Jenrette Securities Corp.Court of Appeals for the First Circuit · 2003
  3. TAG/ICIB Services, Inc. v. Pan American Grain Co.Court of Appeals for the First Circuit · 2000
  4. New England Cleaning Services, Inc. v. American Arbitration Ass'nCourt of Appeals for the First Circuit · 1999
  5. Pacamor Bearings, Inc. v. Minebea Co., Ltd.District Court, D. New Hampshire · 1995

3Cited by18 opinions

  1. Trezvant v. Fidelity Employer Services Corp.District Court, D. Massachusetts · 2006
  2. Paleteria La Michoacana, Inc. v. Productos Lacteos Tocumbo S.A. De C.V.District Court, District of Columbia · 2017
  3. Lee v. Mt. Ivy Press, L.P.Massachusetts Appeals Court · 2005
  4. St. Paul Fire & Marine Insurance v. VDE Corp.Court of Appeals for the First Circuit · 2010
  5. Commissions Import Export, S.A. v. Republic of the CongoDistrict Court, District of Columbia · 2015

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