Legal Opinion
Citibank Global Markets, Inc. v. Rodriguez Santana
Court of Appeals for the First Circuit
Decided July 17, 2009No. 08-1533, 08-1739PublishedCited by 117 opinions
1Opinion of the Court
HOWARD, Circuit Judge.
In this appeal from the dismissal of a counterclaim, the appellants ask us to either set aside or reform a settlement agreement between two sophisticated parties because the circumstances of the negotiation carry a whiff of unseemliness, and there has been a suggestion of fraud. Considering all of the facts and circumstances surrounding the negotiation, we conclude that the settlement agreement is binding under Puerto Rico law, and we detect no fraud or absence of disclosure that justify unraveling or disturbing the agreement.
For its part, the victor below — Smith Barney…
2Cases cited38 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Merrill Lynch, Pierce, Fenner & Smith Inc. v. DabitSupreme Court of the United States · 2006
- Rombach v. ChangCourt of Appeals for the Second Circuit · 2004
- Cabán Hernández v. Philip Morris USA, Inc.Court of Appeals for the First Circuit · 2007
- Quiñones López v. Manzano PozasSupreme Court of Puerto Rico · 1996
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3Cited by117 opinions
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- Remexcel Managerial Consultants, Inc. v. ArlequinCourt of Appeals for the First Circuit · 2009
- City of Livonia Employees' Retirement System & Local 295/Local 851 v. Boeing Co.Court of Appeals for the Seventh Circuit · 2013
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