Legal Opinion
Lowenschuss v. Resorts International, Inc.
Court of Appeals for the Third Circuit
Decided June 30, 1999No. 98-6037PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
NYGAARD, Circuit Judge:
Resorts International, Inc., now Sun International North America, Inc., (“Resorts”) appeals a District Court order reversing a Bankruptcy' Court order that awarded Resorts full restitution for losses resulting from a stock transaction. The Bankruptcy Court found for Resorts on the alternative grounds of mistake and fraud. We will affirm the District Court’s reversal.
*508I.
The relevant facts are generally undisputed and we need only.summarize. Fred Lowensehuss was a shareholder of Resorts stock.1 In 1988, Griffco Acquisition Corporation (owned by Merv…
2Cases cited26 opinions
- United States v. Richard O. BertoliCourt of Appeals for the Third Circuit · 1994
- Jewish Center of Sussex Cty. v. WhaleSupreme Court of New Jersey · 1981
- 26 Collier bankr.cas.2d 663, Bankr. L. Rep. P 74,447 in Re Allegheny International, Inc. J. Daniel SnyderCourt of Appeals for the Third Circuit · 1992
- In Re Sharon Steel Corporation, Debtor. Appeal of Dwg Corporation and Victor PosnerCourt of Appeals for the Third Circuit · 1989
- In Re Chase & Sanborn Corporation, F/k/a General Coffee Corporation, Debtors. Paul C. Nordberg, as Creditor Trustee v. Societe GeneraleCourt of Appeals for the Eleventh Circuit · 1988
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3Cited by4 opinions
- In Re: Resorts International, Inc.Court of Appeals for the Third Circuit · 1999
- Hechinger Investment Co. v. Fleet Retail Finance GroupDistrict Court, D. Delaware · 2002
- AP Services LLP v. SilvaDistrict Court, S.D. New York · 2012
- Raiczyk v. Ocean County Veterinary HospitalCourt of Appeals for the Third Circuit · 2004