Legal Opinion
Albert Malvino v. Paul Delluniversita
Court of Appeals for the Fifth Circuit
Decided October 20, 2016No. 15-41435PublishedCited by 44 opinions
1Opinion of the Court
GREGG COSTA, Circuit Judge:
As she approached retirement, Bonnie Pereida spent hundreds of thousands of dollars on rare coins. She thought the coins would be a good hedge against inflation. After she passed away, an appraisal revealed that her coin collection included a counterfeit coin, damaged coins, -and coins worth far less than expected. It turned out that the majority owner of the company that sold her the coins also owned the company that acted as a purportedly independent grader of the coins, and the grades it had assigned did not reflect the coins' value.
The executor of Pereida’s…
2Cases cited44 opinions
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- Lexmark Int'l, Inc. v. Static Control Components, Inc.Supreme Court of the United States · 2014
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3Cited by44 opinions
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- Sharp v. Ally Fin., Inc.District Court, W.D. New York · 2018
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