Legal Opinion
Mercurius Investment Holding, Ltd. v. Aranha
Court of Appeals for the First Circuit
Decided May 3, 2001No. 00-2306PublishedCited by 4 opinions
1Opinion of the Court
LYNCH, Circuit Judge.
This is a dispute over the control of $3 million deposited in February 1999 in a client-fund account of a Boston law firm. The essence of the dispute is whether the account was a valid escrow account. If it was, then the funds may be within direct reach of Mercurius Investment Holding, Ltd., which invested the same amount of funds in Thornhill Global Deposit Fund, Ltd., now in liquidation in the Bahamas; if it was not, then the funds are under the control of the foreign liquidators of Thorn-hill, and Mercurius is simply one of a long list of claimants in line in the…
2Cases cited4 opinions
- Polaroid Corp. v. Rollins Environmental Services (NJ), Inc.Massachusetts Supreme Judicial Court · 1993
- Childs v. Harbor Lounge of Lynn, Inc.Massachusetts Supreme Judicial Court · 1970
- Kaarela v. BirkheadMassachusetts Appeals Court · 1992
- Aranha v. Eagle Fund, Ltd. (In Re Thornhill Global Deposit Fund, Ltd.)United States Bankruptcy Court, D. Massachusetts · 2000
3Cited by4 opinions
- Auburn Development Corp. v. Shorton (In Re Shorton)United States Bankruptcy Court, D. Massachusetts · 2007
- Murphy v. Arrow Electronics, Inc. (In Re RISCmanagement, Inc.)United States Bankruptcy Court, D. Massachusetts · 2004
- The Cadillac Lounge v. McAteer, PcSuperior Court of Rhode Island · 2007
- ZVI Construction Co. v. LevyMassachusetts Superior Court · 2013