Legal Opinion
Morgan Guaranty Trust Co. v. American Savings & Loan Ass'n
Court of Appeals for the Ninth Circuit
Decided November 26, 1986No. 85-5817PublishedCited by 35 opinions
1Opinion of the Court
FLETCHER, Circuit Judge:
Morgan Guaranty Trust Company of New York appeals from the district court’s grant of summary judgment in favor of American Savings & Loan Association and Chase Manhattan Bank on Morgan’s claims for unjust enrichment, money had and received, and conversion. This appeal centers around a question of first impression: whether a holder-in-due-course is entitled to retain funds mistakenly paid to it on notes presented after the holder has knowledge that the maker of the notes has filed a petition for bankruptcy. We hold that it is not so entitled, and reverse in part.
BACKGROU…
2Cases cited73 opinions
- Garrity v. Lyle Stuart, Inc.New York Court of Appeals · 1976
- Edward Ashton v. Kenneth CoryCourt of Appeals for the Ninth Circuit · 1986
- In the Matter of Charles Holtkamp and Holtkamp Farms, Inc., Debtors-Appellants. Charles Holtkamp and Holtkamp Farms, Inc. v. Ronald E. LittlefieldCourt of Appeals for the Seventh Circuit · 1982
- Ball v. State of New YorkNew York Court of Appeals · 1977
- Seatrain Shipbuilding Corp. v. Shell Oil Co.Supreme Court of the United States · 1980
68 more not listed; retrieve them via the Exa API.
3Cited by35 opinions
- In Re Delores C. Brown, Debtor v. Pennsylvania State Employees Credit UnionCourt of Appeals for the Third Circuit · 1988
- Laura Anne Aiello v. Providian Financial Corp.Court of Appeals for the Seventh Circuit · 2001
- In Re ClarkUnited States Bankruptcy Court, E.D. Pennsylvania · 1987
- Morgan Guaranty Trust Company Of New York v. American Savings And Loan AssociationCourt of Appeals for the Third Circuit · 1986
- Whitt v. Philadelphia Housing Authority (In Re Whitt)United States Bankruptcy Court, E.D. Pennsylvania · 1987
30 more not listed; retrieve them via the Exa API.