Legal Opinion
Appleton v. First National Bank of Ohio
Court of Appeals for the Sixth Circuit
Decided August 10, 1995No. 93-4246PublishedCited by 16 opinions
1Opinion of the Court
JOINER, District Judge.
This case arises out of a Ponzi scheme operated by Thomas Gilmartin, the sole shareholder of First Ohio Securities Corporation (FOSC), and FOSC’s president, Terence Zawacki. Gilmartin and Zawacki diverted funds intended by their customers to be invested by FOSC, into a bank account maintained by Gilmartin’s sole proprietorship, First Ohio Investment Corporation (First Ohio Investment). Plaintiff, William Appleton, is the trustee appointed to liquidate FOSC under the Securities Investor Protection Act (Act), 15 U.S.C. §§ 18aaa-18lll. Defendants are two banks, First…
2Cases cited16 opinions
- Rose v. LundySupreme Court of the United States · 1982
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- American Tobacco Co. v. PattersonSupreme Court of the United States · 1982
- Barnhill v. JohnsonSupreme Court of the United States · 1992
- Securities Investor Protection Corp. v. BarbourSupreme Court of the United States · 1975
11 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Lynne Donovan v. FirstCredit, Inc.Court of Appeals for the Sixth Circuit · 2020
- Appleton v. First National Bank Of OhioCourt of Appeals for the First Circuit · 1995
- Securities Investor Protection Corp. v. BDO Seidman, LLPDistrict Court, S.D. New York · 1999
- Trefny v. Bear Stearns Securities Corp.District Court, S.D. Texas · 1999
- Giddens Ex Rel. A.R. Baron & Co. v. D.H. Blair & Co. (In Re A.R. Baron & Co.)United States Bankruptcy Court, S.D. New York · 2002
11 more not listed; retrieve them via the Exa API.