Legal Opinion
Lehigh Valley Trust Company v. Central National Bank of Jacksonville
Court of Appeals for the Fifth Circuit
Decided April 3, 1969No. 26444_1PublishedCited by 60 opinions
1Opinion of the Court
GOLDBERG, Circuit Judge:
This is another securities fraud case brought under Rule 10b-5 of the Securities and Exchange Commission. The appellant, Central National Bank of Jacksonville (Central Bank) sold to the appellee, Lehigh Valley Trust Company (Lehigh Trust), a participation interest in a loan originated by Central Bank. When this loan became uncollectible, Le-high Trust sued Central Bank for damages on the grounds that Central Bank, in selling the loan participation, had failed to make a full and truthful disclosure of all material facts relevant to the participation, in violation of the…
2Cases cited14 opinions
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Securities & Exchange Commission v. National Securities, Inc.Supreme Court of the United States · 1969
- Heit v. WeitzenCourt of Appeals for the Second Circuit · 1968
- Charles P. Lawrence v. Securities and Exchange CommissionCourt of Appeals for the First Circuit · 1968
- Llanos v. United StatesCourt of Appeals for the Ninth Circuit · 1953
9 more not listed; retrieve them via the Exa API.
3Cited by60 opinions
- Fed. Sec. L. Rep. P 95,614 the Exchange National Bank of Chicago v. Touche Ross & Co.Court of Appeals for the Second Circuit · 1976
- Fed. Sec. L. Rep. P 95,351 Billie Jean Woodward v. Metro Bank of DallasCourt of Appeals for the Fifth Circuit · 1975
- Fed. Sec. L. Rep. P 92,714 Edwin J. Herpich v. Robert H. Wallace, Jack E. LoveCourt of Appeals for the Fifth Circuit · 1970
- Fed. Sec. L. Rep. P 96,048 Milton E. Dupuy v. Clarence O. Dupuy, Jr.Court of Appeals for the Fifth Circuit · 1977
- Fed. Sec. L. Rep. P 99,010 Fred H. Harmsen v. C. Arnholt SmithCourt of Appeals for the Ninth Circuit · 1982
55 more not listed; retrieve them via the Exa API.