Legal Opinion
Monsen v. Consolidated Dressed Beef Co.
Court of Appeals for the Third Circuit
Decided June 14, 1978No. Nos. 77-1935, 77-1936 and 77-1937PublishedCited by 73 opinions
1Opinion of the Court
OPINION OF THE COURT
ROSENN, Circuit Judge.
In these appeals we are called upon primarily to determine the propriety of imposing sanctions on a lending institution as an aider-abettor because of that institution’s actions in connection with a loan to a borrower who violates the federal securities laws. We confront the perplexing dilemma of ascertaining when the legitimate business relationship between a lender and its borrower leaves the realm of propriety and enters the domain of proscribed conduct.
This conundrum arises from a class action brought on behalf of the holders of unregistered…
2Cases cited10 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Landy v. Federal Deposit InsuranceSupreme Court of the United States · 1974
- Fed. Sec. L. Rep. P 95,351 Billie Jean Woodward v. Metro Bank of DallasCourt of Appeals for the Fifth Circuit · 1975
- Landry v. Federal Deposit Insurance CorporationCourt of Appeals for the Third Circuit · 1973
5 more not listed; retrieve them via the Exa API.
3Cited by73 opinions
- Craftmatic Securities Litigation v. KraftsowCourt of Appeals for the Third Circuit · 1989
- Cromer Finance Ltd. v. BergerDistrict Court, S.D. New York · 2001
- Fed. Sec. L. Rep. P 99,010 Fred H. Harmsen v. C. Arnholt SmithCourt of Appeals for the Ninth Circuit · 1982
- Fed. Sec. L. Rep. P 96,916 Edwards & Hanly v. Wells Fargo Securities Clearance CorporationCourt of Appeals for the Second Circuit · 1979
- Levine v. Diamanthuset, Inc.Court of Appeals for the Ninth Circuit · 1991
68 more not listed; retrieve them via the Exa API.