Legal Opinion
The Northern Trust Company, an Illinois Corporation v. Bunge Corporation, a New York Corporation
Court of Appeals for the Seventh Circuit
Decided May 25, 1990No. 88-2595PublishedCited by 71 opinions
1Opinion of the Court
CUMMINGS, Circuit Judge.
In this action to construe the coverage of a warranty in a Stock Purchase Agreement the district court entered a judgment for $648,000 plus prejudgment interest in favor of the purchaser of the stock, the Bunge Corporation (“Bunge”). After determining that diversity jurisdiction in this case must be satisfied on the basis of the citizenship and the amounts in controversy of the individual sellers of the stock and not that of their appointed representative, we hold that the district court was without subject matter jurisdiction to entertain this suit. We therefore…
2Cases cited25 opinions
- Bender v. Williamsport Area School DistrictSupreme Court of the United States · 1986
- Strawbridge v. CurtissSupreme Court of the United States · 1806
- Newman-Green, Inc. v. Alfonzo-LarrainSupreme Court of the United States · 1989
- Carden v. Arkoma AssociatesSupreme Court of the United States · 1990
- Snyder v. HarrisSupreme Court of the United States · 1969
20 more not listed; retrieve them via the Exa API.
3Cited by71 opinions
- Barry C. Cosgrove, Cross-Appellee v. Joseph Bartolotta and Mary-Bart, Llc, Doing Business as Bartolotta's Lake Park BistroCourt of Appeals for the Seventh Circuit · 1998
- Handelsman v. Bedford Village AssocCourt of Appeals for the Second Circuit · 2000
- Market Street Associates Limited Partnership and William Orenstein v. Dale FreyCourt of Appeals for the Seventh Circuit · 1991
- Corfield v. Dallas Glen Hills LPCourt of Appeals for the Fifth Circuit · 2003
- E.R. Squibb & Sons, Inc. v. Accident & Casualty Insurance Co.Court of Appeals for the Second Circuit · 1998
66 more not listed; retrieve them via the Exa API.