Legal Opinion
Florida Department of Insurance v. Chase Bank of Texas National Ass'n
Court of Appeals for the Fifth Circuit
Decided November 30, 2001No. 01-10272PublishedCited by 44 opinions
1Opinion of the Court
REAVLEY, Circuit Judge:
The Florida Department of Insurance (Florida), receiver for Western Star Insurance Company, appeals the district court’s order granting Chase Bank of Texas’s Motion for Summary Judgment, and denying Florida’s Cross-Motion for Summary Judgment. The district court dismissed Florida’s claims for fraud and breach of fiduciary duty against Chase Bank, who was trustee of a trust established to (1) allow Western Star to conduct business in California, and (2) provide assets as security for policyholders. Because Florida lacks standing to sue on behalf of the policyholders, and…
2Cases cited31 opinions
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- Valley Forge Christian College v. Americans United for Separation of Church and State, Inc.Supreme Court of the United States · 1982
- United States v. Students Challenging Regulatory Agency Procedures (SCRAP)Supreme Court of the United States · 1973
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3Cited by44 opinions
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