Legal Opinion
Savoie v. Merchants Bank
Court of Appeals for the Second Circuit
Decided January 28, 1999No. Nos. 171, 356, Dockets 97-9032, 97-9414PublishedCited by 35 opinions
1Opinion of the Court
JACOBS, Circuit Judge:
In this putative class action, filed in 1994, plaintiff Leon Savoie1 sued defendants Merchants Bank and various related entities (collectively, “Merchants”) in connection with their ruinous investment of customer funds in the Piper Jaffray Institutional Government Income Portfolio (“Piper Fund”). Shortly after commencement of suit, Merchants paid $9.2 million to reimburse customers for their losses in the Piper Fund investment. In an order that the defendants have not appealed, the United States District Court for the District of Vermont (Murtha, Ch. J.) concluded that…
2Cases cited14 opinions
- Blum v. StensonSupreme Court of the United States · 1984
- Maher v. GagneSupreme Court of the United States · 1980
- Gierlinger v. GleasonCourt of Appeals for the Second Circuit · 1998
- In Re "Agent Orange" Product Liability Litigation. (Appeal of Attorneys' Fee Awards)Court of Appeals for the Second Circuit · 1987
- Kirsch v. Fleet Street, Ltd.Court of Appeals for the Second Circuit · 1998
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3Cited by35 opinions
- McDaniel v. County of SchenectadyCourt of Appeals for the Second Circuit · 2010
- Santillan v. HenaoDistrict Court, E.D. New York · 2011
- Chun v. Bd. of Trustees of ERSHawaii Supreme Court · 2000
- In Re WorldCom, Inc. Securities LitigationDistrict Court, S.D. New York · 2005
- Individually ex rel. K.G. v. N.Y.C. Dep't of Educ.District Court, S.D. Illinois · 2018
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