Legal Opinion

Carteret Savings & Loan Association, F.A. v. Dr. Neil D. Jackson

Court of Appeals for the First Circuit

Decided February 26, 1987No. 86-1848PublishedCited by 28 opinions

1Opinion of the Court

BAILEY ALDRICH, Senior Circuit Judge.

Defendants-appellants Dr. Jackson and his wife were led into an allegedly painless get-rich enterprise by one Garfinkel, now absent. Simply by signing a few papers they expected to achieve gains in the form of substantial deductions on their income tax returns. However, as a result of our present affirmance of the district court, regardless of whatever view the IRS may take, they will realize some unexpected, and very tangible, losses.

Without ever leaving the Commonwealth, defendants authorized the purchase of a yacht in Florida that was to be taken to the…

2Cases cited15 opinions

  1. Robert C. Hahn v. Francis W. SargentCourt of Appeals for the First Circuit · 1975
  2. Bankers Mortgage Company v. United StatesCourt of Appeals for the Fifth Circuit · 1970
  3. Southern Construction Co. v. PickardSupreme Court of the United States · 1962
  4. National Surety Co. v. State BankCourt of Appeals for the Eighth Circuit · 1903
  5. Louis J. Martino and McDonald Drive-In of Ottumwa, Iowa, Inc., Plaintiffs v. McDonald System, Inc. And Franchise Realty Interstate CorporationCourt of Appeals for the Seventh Circuit · 1979

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3Cited by28 opinions

  1. Greyhound Exhibitgroup, Inc. v. E.L.U.L. Realty Corp.Court of Appeals for the Second Circuit · 1992
  2. John Pochiro and Karen Pochiro, Husband and Wife v. The Prudential Insurance Company of AmericaCourt of Appeals for the Ninth Circuit · 1987
  3. Federal Deposit Insurance Corporation v. Anchor PropertiesCourt of Appeals for the First Circuit · 1994
  4. Allstate Insurance v. LombardiSupreme Court of Rhode Island · 2001
  5. Boston Scientific Corp. v. Schneider (Europe) AGDistrict Court, D. Massachusetts · 1997

23 more not listed; retrieve them via the Exa API.

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