Legal Opinion · Dissent
Board of Trustees of the City of Delray Beach Police & Firefighters Retirement System v. Citigroup Global Markets Inc.
Court of Appeals for the Eleventh Circuit
Decided October 8, 2010No. 09-13451Published
1DissentMartin, Circuit Judge
I agree with the Majority that this case turns on the existence and scope of the principal-agent relationship between the Board and Chairman Adams. I also agree that the Board intended to create an agency relationship and that in delegating to Chairman Adams the authority to execute the NWQ Investments contract, the Board empowered Chairman Adams to take incidental actions necessary to achieve that end. However, I cannot agree with the Majority’s conclusion that this delegation empowered Chairman Adams to fundamentally amend unrelated and preexisting contractual relationships. Because such a…
2Cases cited8 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- 99 Commercial Street, Inc. v. GoldbergDistrict Court, S.D. New York · 1993
- Bradley v. WaldropDistrict Court of Appeal of Florida · 1992
- Killearn Prop., Inc. v. City of TallahasseeDistrict Court of Appeal of Florida · 1979
- Union Camp Corporation v. James E. Dyal, Jr., and John M. Murrell, Additional Leon A. Wilson, Ii, Third PartyCourt of Appeals for the Third Circuit · 1972
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