Introducing ATLASLearn more
Legal Opinion

Canadian Imperial Bank of Commerce Trust Co. v. Fingland

Court of Appeals for the Seventh Circuit

Decided February 22, 1980No. 79-1477PublishedCited by 13 opinions

1Opinion of the Court

SPRECHER, Circuit Judge.

Plaintiff appeals from the lower court’s dismissal of its complaint for lack of subject matter jurisdiction. We affirm the dismissal and determine that the complaint did not allege sufficient facts to conclude that a certificate of deposit of a Bahamian banking and trust entity was a security under the Securities Exchange Act of 1934.

I

The plaintiff, the current trustee of several trusts, brought this action against several former directors of the previous trustee, Mercantile Bank and Trust Company; Mercantile’s controlling corporate shareholder; and Mercantile’s…

2Cases cited14 opinions

  1. Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
  2. United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
  3. Tcherepnin v. KnightSupreme Court of the United States · 1967
  4. Securities & Exchange Commission v. C. M. Joiner Leasing Corp.Supreme Court of the United States · 1943
  5. International Brotherhood of Teamsters v. DanielSupreme Court of the United States · 1979

9 more not listed; retrieve them via the Exa API.

3Cited by13 opinions

  1. Fed. Sec. L. Rep. P 97,815 Jeffrey E. Frederiksen and Emerald City Corporation, an Illinois Corporation v. Edward T. PolowayCourt of Appeals for the Seventh Circuit · 1981
  2. In the Matter of Chicago, Milwaukee, St. Paul & Pacific Railroad Company, Debtor. Consolidated Appeals of Railway Labor Executives' Association, Intervenor. State of Wisconsin Department of Transportation, State of South Dakota, Port of Pend Oreille, Pend Oreille Valley Railroad Company, Inc., and Seattle and North Coast Railroad Company, InterveningCourt of Appeals for the Seventh Circuit · 1981
  3. Fed. Sec. L. Rep. P 91,612 R.J. Wolf v. Banco Nacional De Mexico, S.A., A/K/A BanamexCourt of Appeals for the Ninth Circuit · 1984
  4. Board Of Trade Of The City Of Chicago v. Securities And Exchange CommissionCourt of Appeals for the Seventh Circuit · 1982
  5. American Fletcher Mortgage Co. v. U. S. Steel Credit Corp.Court of Appeals for the Seventh Circuit · 1980

8 more not listed; retrieve them via the Exa API.

Showing a preview — retrieve the full document via the Exa API.

View API DocsGet API Key

Powered by the Exa API