Legal Opinion
Republic Bank & Trust Co. v. Bear, Stearns & Co.
District Court, W.D. Kentucky
Decided April 13, 2010No. 3:09-mj-00287PublishedCited by 22 opinions
1Opinion of the Court
MEMORANDUM OPINION
CHARLES R. SIMPSON III, District Judge.
In 2003 and 2006, Republic Bank & Trust Company bought from Bear Stearns several securities that it now recognizes to be, in the parlance of our times, “toxic assets.” Republic admits to not reading the relevant prospectuses prior to its purchases, but it has nevertheless sued Bear Stearns, its parent companies, and an employee for fraud, negligent misrepresentation, and violations of Kentucky’s Blue Sky Law. The defendants now move to dismiss the complaint pursuant to Fed.R.Civ.P. 12(b)(6). For the reasons that follow, we will grant…
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3Cited by22 opinions
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