Legal Opinion
Marshall & Ilsley Trust Co. ex rel. Estate of Landis v. Pate
Court of Appeals for the Seventh Circuit
Decided May 20, 1987No. Nos. 86-1468, 86-1537 and 86-1557PublishedCited by 1 opinion
1Opinion of the Court
CUDAHY, Circuit Judge.
On September 22, 1982, Dr. Charles W. Landis, now deceased and represented by the plaintiff Marshall & Ilsley Trust Co., purchased three limited-partnership shares from the defendant Joseph Pate for a total consideration of $30,000. Landis lost the entire investment, and he eventually sued the defendants alleging violations of the Securities Exchange Act of 1934 (“1934 Act”) and the Racketeer Influenced and Corrupt Organizations Act (“RICO”) and also alleging common law fraud. The district court dismissed the RICO counts for failure to state a claim upon which relief…
2Cases cited15 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
- Haroco, Inc. v. American National Bank and Trust Company of Chicago, Walter E. Heller International Corporation, & Ronald J. GrayheckCourt of Appeals for the Seventh Circuit · 1985
- Frow v. De La VegaSupreme Court of the United States · 1872
- American Nat. Bank & Trust Co. of Chicago v. Haroco, Inc.Supreme Court of the United States · 1985
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3Cited by1 opinion
- Marshall & Ilsley Trust Co., as Personal Representative of the Estate of Charles W. Landis v. Joseph L. Pate, Charles W. Landis v. Jack Leone, Charles W. Landis v. Raymond E. FrenchCourt of Appeals for the Seventh Circuit · 1987