Legal Opinion
Federal Deposit Insurance Corp. v. Shearson-American Express, Inc.
Court of Appeals for the First Circuit
Decided June 24, 1993No. Nos. 92-1651, 92-1652PublishedCited by 3 opinions
1Opinion of the Court
LEVIN H. CAMPBELL, Senior Circuit Judge.
In these appeals, two creditors challenge appellee’s rights to the assets of the mastermind of a multimillion dollar fraud, each creditor claiming that it has a superior claim to the money.
Miguel Serrano Arreehe (“Serrano”), a former Puerto Rico stockbroker, was indicted and convicted in 1985 of wire fraud, mail fraud, and other violations of federal criminal statutes. Serrano’s misdeeds have been extensively chronicled elsewhere. See, e.g., United States v, Serrano, 870 F.2d 1, 3-5 (1st Cir.1989).1 The primary victim of Serrano’s *495fraud was Home Federal…
2Cases cited30 opinions
- Valerie Watterson v. Eileen PageCourt of Appeals for the First Circuit · 1993
- Chicot County Drainage District v. Baxter State BankSupreme Court of the United States · 1940
- Katchen v. LandySupreme Court of the United States · 1966
- Julia Prewitt Brown v. Trustees of Boston UniversityCourt of Appeals for the First Circuit · 1990
- Carl Kale v. Combined Insurance Company of AmericaCourt of Appeals for the First Circuit · 1991
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3Cited by3 opinions
- Trulock v. FreehCourt of Appeals for the Fourth Circuit · 2001
- Katahdin Federal Credit Union v. Jamo (In Re Jamo)Bankruptcy Appellate Panel of the First Circuit · 2001
- Federal Deposit Insurance Corporation, Cross-Plaintiff v. Shearson-American Express, Inc., Cross-Defendants, Banco Cooperativo De Puerto Rico, Intervenor, Federal Deposit Insurance Corporation, Cross-Plaintiff v. Shearson-American Express, Inc., Cross-Defendants, Prudential Bache Securities, Inc., IntervenorCourt of Appeals for the First Circuit · 1993