Legal Opinion
Resolution Trust Corporation, as Receiver Home Owners Savings Bank, F.S.B. v. Key Financial Services, Inc.
Court of Appeals for the First Circuit
Decided February 12, 2002No. 00-2392PublishedCited by 18 opinions
1Opinion of the Court
STAHL, Senior Circuit Judge.
This case involves a protracted dispute over a portfolio of loans sold by defendant-appellant, Key Financial Services, Inc. (“Key”) to plaintiff-appellee, Home Owners Savings Bank (“Home Owners”). 1 Key appeals from a series of adverse rulings by the district court, culminating in a court order that Key pay approximately $8.5 million in restitution damages and interest. Finding Key’s arguments without merit, we affirm the rulings below.
I
In 1988, Key sold its interest in 335 first and second residential mortgage loans (with a total principal value of approxi mately…
2Cases cited4 opinions
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- United States Ex Rel. Roman v. SchlesingerDistrict Court, E.D. New York · 1975
- CPC International Inc. v. McKesson Corp.New York Supreme Court · 1987
3Cited by18 opinions
- ACE Securities Corp. v. DB Structured Products, Inc.New York Court of Appeals · 2015
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- Deutsche Alt-A Securities Mortgage Loan Trust, Series 2006-OA1 ex rel. HSBC Bank, USA, National Association v. DB Structured Products, Inc.District Court, S.D. New York · 2013
- LaSalle Bank National Ass'n v. Lehman Bros. Holdings, Inc.District Court, D. Maryland · 2002
- Southern Financial Group, LLC v. McFarland State BankCourt of Appeals for the Seventh Circuit · 2014
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