Legal Opinion
In Re James S. Hamada, Debtor. James S. Hamada v. Far East National Bank, a California Corporation
Court of Appeals for the Ninth Circuit
Decided May 29, 2002No. 00-56865PublishedCited by 47 opinions
1Opinion of the Court
THOMAS, Circuit Judge.
In this appeal, we consider, inter alia, the rights of statutory and equitable sub-rogation held by the issuer of a standby letter of credit. Under the circumstances presented by this case, we conclude that no right of subrogation existed. Therefore, we reverse the judgment of the district court.
I
James S. Hamada was the defendant in a breach of fiduciary duty and fraud action filed by his former partner in medicine. The judgment provided for damages of $500,000, punitive damages of $1.25 million, and prejudgment interest. Hamada appealed, and sought a supersedeas bond to…
2Cases cited24 opinions
- In Re Robert Gruntz, Debtor. Robert Gruntz v. Opinion County of Los Angeles Los Angeles District AttorneyCourt of Appeals for the Ninth Circuit · 2000
- Western Security Bank v. Superior CourtCalifornia Supreme Court · 1997
- Memphis & Little Rock Railroad v. DowSupreme Court of the United States · 1887
- In Re Air Crash Disaster.Court of Appeals for the Sixth Circuit · 1996
- In Re Steven Gregory Bammer, Debtor. James M. Murray v. Steven Gregory BammerCourt of Appeals for the Ninth Circuit · 1997
19 more not listed; retrieve them via the Exa API.
3Cited by47 opinions
- Chubb Custom Insurance Company v. Space Systems/ Loral, Inc.Court of Appeals for the Ninth Circuit · 2013
- Hank Willms v. Rowe Sanderson, IiiCourt of Appeals for the Ninth Circuit · 2013
- In Re Flamingo 55, Inc.United States Bankruptcy Court, D. Nevada · 2007
- Redback Networks, Inc. v. Mayan Networks Corp. (In Re Mayan Networks Corp.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2004
- Benson v. Corbin (In re Corbin)United States Bankruptcy Court, W.D. Washington · 2014
42 more not listed; retrieve them via the Exa API.