Legal Opinion
Valente v. Dennis
District Court, E.D. Pennsylvania
Decided August 3, 1977No. 76-1493PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM
RAYMOND J. BRODERICK, District Judge.
Plaintiffs herein are shareholders of Municipal Leasing Systems (MLS), a Pennsylvania corporation. 1 Each of the defendants is, or has been at allegedly relevant times, a member of the Board of Directors of the Northampton National Bank of Easton (Bank). During the period in question, MLS was a customer and borrower of the Bank. The complaint alleges that various acts of mismanagement and violations of the federal banking laws and state laws by the Bank resulted in substantial losses to plaintiffs.
Defendants have moved to dismiss, pursuant to…
2Cases cited13 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Bell v. HoodSupreme Court of the United States · 1946
- Cort v. AshSupreme Court of the United States · 1975
- Hagans v. LavineSupreme Court of the United States · 1974
- Mortensen v. First Federal Savings & Loan Ass'nCourt of Appeals for the Third Circuit · 1977
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3Cited by2 opinions
- Berry v. Cadence Industries Corp.District Court, E.D. Pennsylvania · 1982
- Mortensen v. First Federal Savings & Loan Ass'nDistrict Court, D. New Jersey · 1978