Legal Opinion
Fidelity Partners, Inc. v. First Trust Co.
Court of Appeals for the Second Circuit
Decided April 27, 1998No. Nos. 97-9589, 97-9639PublishedCited by 5 opinions
1Opinion of the Court
JON O. NEWMAN, Circuit Judge:
These consolidated appeals concern garnishment in the context of a form of ownership of financial interests that is becoming widely used in today’s global economy. The subject of the litigation is an interest in bonds regulated through a “multi-tiered” or “indirect” holding system. The system with which this litigation is concerned is Euro-clear, a network of 2,400 participating financial institutions that engage in cross-border securities transactions. Key features of an indirect holding system are that interests in bonds are reflected on the books of various…
2Cases cited10 opinions
- Steel Co. v. Citizens for a Better EnvironmentSupreme Court of the United States · 1998
- United States v. United Mine Workers of AmericaSupreme Court of the United States · 1947
- Douglas Klett v. Robert Pim John Humphrey J. Dennis Roach United States of AmericaCourt of Appeals for the Eighth Circuit · 1992
- Philippine Export & Foreign Loan Guarantee Corp. v. ChuidianCalifornia Court of Appeal · 1990
- Reliance Insurance v. Mast Construction Co.Court of Appeals for the Tenth Circuit · 1996
5 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Marathon Oil Co. v. RuhrgasCourt of Appeals for the Fifth Circuit · 1998
- In The Matter Of The Complaint Of: Rationis Enterprises, Inc. Of PanamaCourt of Appeals for the Second Circuit · 2001
- Fidelity Partners, Inc. v. First Trust Company of New YorkCourt of Appeals for the First Circuit · 1998
- Council for Responsible Nutrition v. JamesCourt of Appeals for the Second Circuit · 2025
- Marathon Oil Comp v. RuhrgasCourt of Appeals for the Fifth Circuit · 1998