Legal Opinion
First Citizens Federal Savings and Loan Association v. Worthen Bank and Trust Company, N.A.
Court of Appeals for the First Circuit
Decided November 21, 1990No. 89-15111PublishedCited by 26 opinions
1Opinion of the Court
D.W. NELSON, Circuit Judge:
First Citizens Federal Savings and Loan Association (“First Citizens”), Worthen Bank and Trust Company (“Worthen”), and 20 other savings and loan institutions entered into a loan participation agreement (“Agreement”) in connection with a real estate development. The borrower ultimately defaulted, and the participants incurred losses. First Citizens filed this action, alleging breach of contract, negligence, negligent misrepresentation, constructive fraud through breach of fiduciary duty, and securities fraud by Worthen in its role as principal; the remedy sought was…
2Cases cited18 opinions
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Reves v. Ernst & YoungSupreme Court of the United States · 1990
- Fu-Kong Tzung Jean Tzung v. State Farm Fire and Casualty Company, and Does 1 Through 100, InclusiveCourt of Appeals for the Ninth Circuit · 1989
- Chemical Bank v. Arthur Andersen & Co.Court of Appeals for the Second Circuit · 1984
- Underhill v. RoyalCourt of Appeals for the Ninth Circuit · 1985
13 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Banque Arabe et Internationale D'Investissement v. Maryland National BankCourt of Appeals for the Second Circuit · 1995
- Leonard v. Dorsey & Whitney LLPCourt of Appeals for the Eighth Circuit · 2009
- Northwest Bank and Trust Company v. First Illinois National Bank, Now Known as the National Bank Christopher L. BryantCourt of Appeals for the First Circuit · 2003
- Resolution Trust Corp. v. StoneCourt of Appeals for the Tenth Circuit · 1993
- Banco Espanol De Credito v. Security Pacific National BankDistrict Court, S.D. New York · 1991
21 more not listed; retrieve them via the Exa API.