Legal Opinion
Mercer v. Jaffe, Snider, Raitt and Heuer, PC
District Court, W.D. Michigan
Decided January 3, 1990No. G88-380 CA1, G87-56 CA1PublishedCited by 5 opinions
1Opinion of the Court
OPINION ON PENDING MOTIONS
HILLMAN, Chief Judge.
These consolidated actions arise from the so-called Diamond Mortgage Corporation/ A.J. Obie and Associates (Diamond/ Obie) mortgage-backed securities fraud. The general background of this litigation is set forth in Mercer v. Jaffe, Snider, Raitt and Heuer, P.C., 713 F.Supp. 1019 (W.D.Mich.1989) and Stone v. Mehl-berg, 728 F.Supp. 1341, (W.D.Mich.1989).
Briefly, plaintiffs are nearly one thousand investors who bought now worthless mortgage-backed securities from Diamond/Obie. Defendants include Diamond/Obie’s principal, a celebrity paid to endorse…
2Cases cited20 opinions
- Abick v. State Of MichiganCourt of Appeals for the Sixth Circuit · 1986
- Pennsylvania v. Union Gas Co.Supreme Court of the United States · 1989
- Dellmuth v. MuthSupreme Court of the United States · 1989
- Shepard Claims Service, Inc. v. William Darrah & Associates, a Foreign CorporationCourt of Appeals for the Sixth Circuit · 1986
- Hoffman v. Connecticut Department of Income MaintenanceSupreme Court of the United States · 1989
15 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- United States v. Newport News Shipbuilding & Dry Dock Co.Court of Appeals for the Federal Circuit · 1991
- Kahn v. Virginia Retirement SystemDistrict Court, E.D. Virginia · 1992
- National Union Fire Insurance v. ArioliDistrict Court, E.D. Michigan · 1996
- Dolinka VanNoord and Co. v. Oppenheimer and Co.District Court, W.D. Michigan · 1995
- Mercer v. Jaffe, Snider, Raitt and Heuer, PCDistrict Court, W.D. Michigan · 1990