Legal Opinion
Allum v. Valley Bank of Nevada
Nevada Supreme Court
Decided March 24, 1993No. 23394PublishedCited by 30 opinions
1Opinion of the Court
OPINION
2Per curiam
FACTS
Valley Mortgage Company (“VMC”) employed Robert L. Allum (“Allum”) as a loan officer. VMC and the other defendants engaged in an illegal loan scheme involving “D.E. Program” loans which Allum would underwrite in the course of his duties as an FHA underwriter. VMC’s loan scheme obtained investors’ money by false pretenses because the loans did not comport with FHA guidelines as investors believed.
Allum, because his duty was to underwrite the D.E. Program loans, believed he was liable for them. Allum attempted to internally resolve the illegal activity by informing VMC’s head FHA…
3Cases cited10 opinions
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
- Holmes v. Securities Investor Protection CorporationSupreme Court of the United States · 1992
- Jeffrey Hecht v. Commerce Clearing House, Inc., William Miller, Louis Ceccoli, and Stanley StephensCourt of Appeals for the Second Circuit · 1990
- Reddy v. Litton Industries, Inc.Court of Appeals for the Ninth Circuit · 1990
- Clarissa Miranda A/K/A Clarissa Miranda Rodriguez v. Ponce Federal Bank, Etc.Court of Appeals for the First Circuit · 1991
5 more not listed; retrieve them via the Exa API.
4Cited by30 opinions
- Brown v. Kinross Gold, U.S.A.District Court, D. Nevada · 2005
- Siragusa v. BrownNevada Supreme Court · 1998
- Halcrow, Inc. v. Eighth Judicial District Court of the State of Nevada Ex Rel. County of ClarkNevada Supreme Court · 2013
- Steele v. Hospital Corp. of AmericaCourt of Appeals for the Ninth Circuit · 1994
- Century Surety Co. v. PrinceDistrict Court, D. Nevada · 2017
25 more not listed; retrieve them via the Exa API.