Legal Opinion
New Jersey Bank, N. A. v. Bradford Securities Operations, Inc.
Court of Appeals for the Third Circuit
Decided September 30, 1982No. 81-2964PublishedCited by 18 opinions
1Opinion of the Court
OPINION OF THE COURT
EDWARD R. BECKER, Circuit Judge.
Article 8 of the Uniform Commercial Code (“UCC”), dealing with Investment Securities, provides the framework for this diversity action brought by appellee New Jersey Bank, N.A., (“NJB”) against appellant Bradford Securities Operations, Inc. (“BSOI”). NJB seeks recovery from BSOI for damages it sustained when an NJB customer defaulted on a loan, the collateral for which consisted of securities that had been stolen from BSOI and subsequently forged. Although it found that section 8-205 of the UCC provided a complete defense to NJB’s Article 8…
2Cases cited17 opinions
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Dandridge v. WilliamsSupreme Court of the United States · 1970
- Hankerson v. North CarolinaSupreme Court of the United States · 1977
- United States & Interstate Commerce Commission v. American Railway Express Co.Supreme Court of the United States · 1924
- Huddell v. LevinCourt of Appeals for the Third Circuit · 1976
12 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- First National Bank of Cicero v. Lewco Securities Corp.Court of Appeals for the First Circuit · 1989
- Olefins Trading, Inc. v. Han Yang Chem CorporationCourt of Appeals for the Third Circuit · 1993
- Sheiman v. Lafayette Bank & Trust Co.Connecticut Appellate Court · 1985
- Estate of Hollywood v. First National Bank of PalmertonSuperior Court of Pennsylvania · 2004
- Sebastian v. D & S Express, Inc.District Court, D. New Jersey · 1999
13 more not listed; retrieve them via the Exa API.