Legal Opinion
ACA Financial Guaranty v. City of Buena Vista, Virginia
Court of Appeals for the Fourth Circuit
Decided February 21, 2019No. 18-1268PublishedCited by 301 opinions
1Opinion of the Court
QUATTLEBAUM, Circuit Judge:
In this appeal, we review an order dismissing a complaint that arose from a troubled bond transaction involving a municipal golf course in the City of Buena Vista, Virginia (the "City"). Bonds were issued to refinance debt on the golf course and the repayment of the bonds depended on the City making payments on the lease of the golf course. When it failed to do so, this litigation ensued. The primary question on appeal is whether the City's obligation to make rent payments is legally enforceable when the obligation is expressly subject to the City's annual decision…
2Cases cited13 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Nemet Chevrolet, Ltd. v. Consumeraffairs. Com, Inc.Court of Appeals for the Fourth Circuit · 2009
- Edwards v. City of GoldsboroCourt of Appeals for the Fourth Circuit · 1999
- Cozzarelli v. Inspire Pharmaceuticals Inc.Court of Appeals for the Fourth Circuit · 2008
8 more not listed; retrieve them via the Exa API.
3Cited by301 opinions
- Haritha Nadendla v. WakeMedCourt of Appeals for the Fourth Circuit · 2022
- Malcolm Sheppard v. Visitors of VSUCourt of Appeals for the Fourth Circuit · 2021
- Kesha Williams v. Stacey KincaidCourt of Appeals for the Fourth Circuit · 2022
- US f/u/b of Modern Mosaic, Ltd v. Turner Construction CompanyCourt of Appeals for the Fourth Circuit · 2019
- Drummond Coal Sales, Inc. v. Norfolk Southern Railway Co.Court of Appeals for the Fourth Circuit · 2021
296 more not listed; retrieve them via the Exa API.