Legal Opinion
In Re Interbank Funding Corp. Securities Litigation
District Court, District of Columbia
Decided August 9, 2004No. CIV.A. 02-1490(JDB)PublishedCited by 15 opinions
1Opinion of the Court
MEMORANDUM OPINION
BATES, District Judge.
This is an as-yet uncertified class action in which plaintiffs Monica Belizan and Dr. William Prather (“Belizan” and “Prather,” or “plaintiffs”) assert a variety of securities law claims relating to their investments in Interbank Funding Corporation (“IBF”). Between 1997 and 2002, IBF and its subsidiaries issued debt securities in several investment funds totaling $195 million. Plaintiffs claim that the funds amounted to a Ponzi scheme: proceeds from later fund offerings were allegedly used to make interest payments to earlier investors.
The case comes…
2Cases cited42 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Charles Kowal v. MCI Communications CorporationCourt of Appeals for the D.C. Circuit · 1994
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
37 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- In Re Interbank Funding Corp. SEC. LitigationCourt of Appeals for the D.C. Circuit · 2010
- Belizan, Monica v. Hershon, SimonCourt of Appeals for the D.C. Circuit · 2006
- In Re Refco, Inc. Securities LitigationDistrict Court, S.D. New York · 2007
- In Re Interbank Funding Corp. Securities LitigationDistrict Court, District of Columbia · 2009
- In Re XM Satellite Radio Holdings Securities LitigationDistrict Court, District of Columbia · 2007
10 more not listed; retrieve them via the Exa API.