Legal Opinion
Financial Security Assurance, Inc. v. Stephens, Inc.
Court of Appeals for the Eleventh Circuit
Decided May 31, 2006No. 04-14894PublishedCited by 2 opinions
1Per curiam
Stephens, Inc.’s (“Stephens”) petition for panel rehearing is GRANTED. We VACATE our prior opinion in this case, 450 F.3d 1257 (11th Cir.2006), and substitute the following in its place.
I
The plaintiff, Financial Security Assurance, Inc. (“FSA”), appeals the district court’s orders dismissing its Rule 10b-5 claim and granting summary judgment in favor of defendants Stephens and Hayes, James & Associates, Inc. (“Hayes James”) on its claims for common law fraud and negligent misrepresentation. The primary issue presented in this case is whether an insurer of municipal bonds that becomes the…
2Cases cited27 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Rubin v. United StatesSupreme Court of the United States · 1981
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3Cited by2 opinions
- Financial SEC. Assur., Inc. v. Stephens, Inc.Court of Appeals for the Eleventh Circuit · 2007
- Salvador v. Bank of America, National Ass'n Ex Rel. Wells Fargo Bank, N.A. (In Re Salvador)United States Bankruptcy Court, M.D. Georgia · 2011