Legal Opinion
United States Fidelity & Guaranty Company v. Federal Reserve Bank
District Court, S.D. New York
Decided May 16, 1984No. 83 Civ. 3310-CSHPublishedCited by 20 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
HAIGHT, District Judge:
Plaintiff Union Trust Company of Maryland (“Union Trust”) is the victim of a cleverly executed check fraud. 1 Claiming that the Federal Reserve Bank of New York (“New York Fed”) is at least partially responsible for the success of the scheme, it seeks to hold New York Fed liable for the loss. Defendant moves to dismiss the action for failure to state a claim under Rule 12(b)(6), Fed.R.Civ.P. 2
I
On May 6, 1980, one Marvin Goldstein, the perpetrator of the fraud, deposited a check for some $880,000 in a Union Trust account. In hindsight, it is…
2Cases cited11 opinions
- Foman v. DavisSupreme Court of the United States · 1962
- DelCostello v. International Brotherhood of TeamstersSupreme Court of the United States · 1983
- Runyon v. McCrarySupreme Court of the United States · 1976
- Perini Corporation and Brown Brothers, Harriman and Company, Plaintiffs v. The First National Bank of Habersham County, Georgia, the Fulton National Bank of Atlanta, Georgia and Morgan Guaranty Trust Company of New York, New York, Perini Corporation and Brown Brothers, Harriman and Company, Plaintiffs v. The First National Bank of Habersham County, Georgia, and the Fulton National Bank of Atlanta, GeorgiaCourt of Appeals for the First Circuit · 1977
- Girard Trust Corn Exchange Bank v. Brink's, Inc.Supreme Court of Pennsylvania · 1966
6 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- National State Bank v. Federal Reserve Bank of New York Community Guardian Bank Uniport Company, Inc. Sang B. Lee Federal Reserve Bank of New YorkCourt of Appeals for the Third Circuit · 1992
- Owusu v. New York State InsuranceDistrict Court, S.D. New York · 2009
- Greenberg, Trager & Herbst, LLP v. HSBC Bank USANew York Court of Appeals · 2011
- Federal Reserve Bank of Atlanta v. ThomasCourt of Appeals for the Eleventh Circuit · 2000
- Stephen Berg v. First American Bankshares, Inc.Court of Appeals for the First Circuit · 1986
15 more not listed; retrieve them via the Exa API.