Legal Opinion

Rev Op Group v. ML Manager LLC (In Re Mortgages Ltd.)

Court of Appeals for the Ninth Circuit

Decided November 12, 2014No. 12-15234, 12-15459PublishedCited by 61 opinions

1Opinion of the Court

OPINION

WALLACE, Senior Circuit Judge:

Mortgages Ltd. was a private lender for certain real estate investments in Arizona. Mortgages Ltd. raised money from investors to extend loans to real estate purchasers, secured by the purchased real estate, and acted as servicing agent for the loans and properties. The investors received “pass-through” fractional interests in the real estate that secured the loans and the resulting loan payments. The pass-through investors acquired an actual interest in each underlying loan.

On June 24, 2008, Mortgages Ltd. filed for Chapter 11 bankruptcy. The company was…

2Cases cited10 opinions

  1. In the Matter Of: Unr Industries, Inc., Debtors. Appeals of Unarco Bloomington Factory WorkersCourt of Appeals for the Seventh Circuit · 1994
  2. Motor Vehicle Casualty Co. v. Thorpe Insulation Co. (In Re Thorpe Insulation Co.)Court of Appeals for the Ninth Circuit · 2012
  3. In Re Roberts Farms, Inc.Court of Appeals for the Ninth Circuit · 1981
  4. In Re Chateaugay CorporationCourt of Appeals for the Second Circuit · 1993
  5. Jerry L. Engleson v. Burlington Northern Railroad CompanyCourt of Appeals for the Ninth Circuit · 1992

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3Cited by61 opinions

  1. JPMCC 2007-C1 Grasslawn Lodging, LLC v. Transwest Resort Properties Inc.Court of Appeals for the Ninth Circuit · 2015
  2. Franklin High Yield Tax-Free Income Fund v. City of Stockton (In Re City of Stockton)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2015
  3. Michael Cobb v. City of StocktonCourt of Appeals for the Ninth Circuit · 2018
  4. Ghadimi v. AshaiDistrict Court, C.D. California · 2016
  5. Newberry v. City of San Bernardino (In re City of San Bernardino)District Court, C.D. California · 2016

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