Legal Opinion
Palmacci v. Umpierrez
Court of Appeals for the First Circuit
Decided August 11, 1997No. 96-2202PublishedCited by 364 opinions
1Opinion of the Court
BOWNES, Senior Circuit Judge.
This case arises out of a speculative investment that went bad. Plaintiff Stephen A. Palmacci invested $75,000 in a project, known as “the Chase project,” to purchase and develop distressed real estate. He had heard that the defendant’s brother, Gus Umpierrez, who was a real estate agent and knowledgeable in real estate matters, had “turned a pretty fast profit” on similar ventures, and he wanted to reap some of the same type of profits.
Palmacci acknowledges that he understood the risks inherent in any investment and, in particular, the increased risk involved in…
2Cases cited32 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- Grogan v. GarnerSupreme Court of the United States · 1991
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Pullman-Standard v. SwintSupreme Court of the United States · 1982
- Field v. MansSupreme Court of the United States · 1995
27 more not listed; retrieve them via the Exa API.
3Cited by364 opinions
- Hodgens v. General Dynamics Corp.Court of Appeals for the First Circuit · 1998
- Harold W. McClellan v. Bobbie Darrell CantrellCourt of Appeals for the Seventh Circuit · 2000
- McCrory v. Spigel (In Re Spigel)Court of Appeals for the First Circuit · 2001
- Brandt v. Repco Printers & Lithographics, Inc. (In Re Healthco International, Inc.)Court of Appeals for the First Circuit · 1997
- General Electric Capital Corp. v. Acosta (In Re Acosta)Court of Appeals for the Fifth Circuit · 2005
359 more not listed; retrieve them via the Exa API.